#United States #Houston #Merger Announcement #Helix Energy #Hornbeck Offshore

Hornbeck Offshore Services Delivers Performance Equity Award

On September 4, 2026, Hornbeck Offshore Services, Inc. (NYSE: HOS) made headlines as it unveiled a substantial performance-based equity award to Todd M. Hornbeck. This announcement was closely linked with the recent merger of Hornbeck Offshore and Helix Energy Solutions Group, Inc.

The Details of the Equity Grant

The announcement revealed that the grant encompasses up to 1,500,000 shares of common stock, part of the Hornbeck Offshore Services, Inc. 2026 Omnibus Inducement Incentive Plan. This initiative serves as a material inducement for Mr. Hornbeck’s acceptance of his new role within the newly combined company, showcasing Hornbeck's commitment to incentivizing top leadership.

The grant's structure indicates a performance-driven approach. It is divided into two tranches: 500,000 shares will vest based on the successful achievement of target gross annualized synergies as outlined in the integration plans, while the remaining up to 1,000,000 shares hinge on the accomplishment of specific share price targets by the end of 2029. This strategy not only aligns interests but encourages a culture of shared success and growth within the organization.

Growing Together Post-Merger

The merger itself exemplifies a significant consolidation in the offshore services sector, aimed at providing a broad spectrum of innovative solutions to key industries such as deepwater oilfield exploration, defense, and renewable energy sectors. Hornbeck Offshore Services is positioned as a leader in the global market, with the merger representing a strategic move to enhance operational efficiencies and expand their market reach.

In his new capacity, Mr. Hornbeck’s accelerated performance will not only measure his success but will also reflect the impact of the merger on the company's overall performance in a competitive landscape. The Board of Directors has approved the grant, indicating strong support from leadership for integrating new talent into the company efficiently and effectively.

Looking Forward

As Hornbeck Offshore Services embarks on this new journey, the equity grant acts as a motivator for Mr. Hornbeck and underscores the critical role of robust leadership in navigating post-merger integration challenges. It represents a commitment to fostering a results-oriented culture that promotes accountability, innovation, and collaboration among employees.

The strategic focus will remain on delivering integrated marine and subsea solutions, which are crucial for their clientele. By aligning employee incentives with company performance, Hornbeck Offshore is setting a precedent for how mergers can be successfully managed with a future-centric approach. Expectations are high that the success of this merger will not only enhance operational synergies but also lead to increased shareholder value in the long term.

About Hornbeck Offshore Services

Hornbeck Offshore Services stands as a prominent figure in the marine services industry, known for providing comprehensive offshore solutions. With a commitment to safety, efficiency, and innovation, they are continuously adapting to meet the evolving demands of the offshore sector. Their integration with Helix marks a new chapter in their expansion strategy, aiming for excellence in service delivery across various challenging environments.

For additional inquiries and detailed information regarding this equity grant or Hornbeck's service offerings, stakeholders can reach out to executive personnel such as:

• - Potter Adams, Executive Vice President and CFO (985-727-6815)
• - Brent Arriaga, Vice President of Finance and Investor Relations (281-618-0460)

In conclusion, notifications like this one reinforce the dynamic landscape of corporate mergers and the strategic maneuvers companies undertake to bolster leadership and drive forward their vision in competitive markets.