Oceaneering Just Posted Its Best EBITDA Since 2015 Before Insider Selling — Here's What Investors Should Know
Earl Childress trimmed his direct stake by 36% following a year of strong gains, leaving him with 22,876 shares valued at roughly $1.1 million.
Overview
Earl Childress sold 12,701 shares of Oceaneering International, Inc. (NYSE:OII), where he is the chief commercial officer, for about $593,000 on July 30, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($46.71); post-transaction value based on July 30, 2026 market close ($47.64).
Details
Oceaneering International, established in 1964 and headquartered in Houston, Texas, is a global leader in subsea robotics and specialized engineering services. The company maintains a competitive advantage through its proprietary ROV technology, extensive subsea expertise, and diversified service offerings across multiple high-value industrial sectors. With TTM revenue of $2.9 billion and net income of $350.1 million, Oceaneering demonstrates strong operational performance and market positioning in the specialized offshore services industry.
Source
Originally published at www.fool.com.