Oceaneering adopts Executive Leadership Team Severance Plan with up to 2x payout for CEO

Reuters03-21

Oceaneering adopts Executive Leadership Team Severance Plan with up to 2x payout for CEO

Oceaneering’s compensation committee approved amended and restated change of control arrangements covering CEO Roderick Larson and the company’s Change of Control Plan.
The amended CEO change of control agreement conditions severance eligibility on signing a release of claims and complying with restrictive covenants.
It also provides outplacement services for 24 months.
A new Executive Leadership Team Severance Plan provides severance of 1x base salary plus target short-term incentive opportunity, or 2x for the CEO.
The plan includes outplacement services for 12 months, or 24 months for the CEO.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oceaneering International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000073756-26-000063), on March 20, 2026, and is solely responsible for the information contained therein.

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