Oceaneering International Management

Management criteria checks 2/4

Oceaneering International's CEO is Rod Larson, appointed in Feb 2015, has a tenure of 9.25 years. total yearly compensation is $7.75M, comprised of 10.3% salary and 89.7% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth $7.97M. The average tenure of the management team and the board of directors is 4.2 years and 7.6 years respectively.

Key information

Rod Larson

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage	10.3%
CEO tenure	9.3yrs
CEO ownership	0.3%
Management average tenure	4.2yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rod Larson's remuneration changed compared to Oceaneering International's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$108m
Dec 31 2023	US$8m	US$800k	US$97m
Sep 30 2023	n/a	n/a	US$76m
Jun 30 2023	n/a	n/a	US$64m
Mar 31 2023	n/a	n/a	US$49m
Dec 31 2022	US$6m	US$760k	US$26m
Sep 30 2022	n/a	n/a	-US$36m
Jun 30 2022	n/a	n/a	-US$62m
Mar 31 2022	n/a	n/a	-US$59m
Dec 31 2021	US$7m	US$760k	-US$49m
Sep 30 2021	n/a	n/a	-US$35m
Jun 30 2021	n/a	n/a	-US$107m
Mar 31 2021	n/a	n/a	-US$139m
Dec 31 2020	US$5m	US$684k	-US$497m
Sep 30 2020	n/a	n/a	-US$735m
Jun 30 2020	n/a	n/a	-US$681m
Mar 31 2020	n/a	n/a	-US$691m
Dec 31 2019	US$4m	US$721k	-US$348m
Sep 30 2019	n/a	n/a	-US$150m
Jun 30 2019	n/a	n/a	-US$190m
Mar 31 2019	n/a	n/a	-US$188m
Dec 31 2018	US$3m	US$700k	-US$212m
Sep 30 2018	n/a	n/a	US$25m
Jun 30 2018	n/a	n/a	US$90m
Mar 31 2018	n/a	n/a	US$125m
Dec 31 2017	US$3m	US$651k	US$166m

Compensation vs Market: Rod's total compensation ($USD7.75M) is above average for companies of similar size in the UK market ($USD2.17M).

Compensation vs Earnings: Rod's compensation has increased by more than 20% in the past year.

CEO

Rod Larson (56 yo)

9.3yrs

Tenure

US$7,753,037

Compensation

Mr. Roderick A. Larson, also known as Rod, has been the President and Chief Executive Officer of Oceaneering International, Inc. since February 19, 2015 and May 5, 2017 respectively. Mr. Larson has been Pr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Roderick Larson	President	9.3yrs	US$7.75m	0.33% $ 8.0m
Alan Curtis	Senior VP & CFO	8.8yrs	US$2.79m	0.088% $ 2.1m
Jennifer Simons	Senior VP	1.3yrs	US$2.35m	0% $ 0
Martin McDonald	Senior Vice President of Subsea Robotics	4.2yrs	US$1.54m	0.073% $ 1.7m
Earl Childress	Senior VP & Chief Commercial Officer	4.2yrs	US$1.41m	0.036% $ 847.6k
Catherine Dunn	VP, Chief Accounting Officer & Corporate Controller	12.3yrs	no data	0.012% $ 287.5k
Hilary Frisbie	Senior Director of Investor Relations	less than a year	no data	no data
Holly Kriendler	Senior VP & Chief Human Resources Officer	6yrs	no data	0.048% $ 1.1m
Philip Beierl	Senior Vice President of Aerospace & Defense Technologies	6yrs	no data	0.054% $ 1.3m
Benjamin Laura	Senior VP & Chief Innovation Officer	4.2yrs	no data	0.072% $ 1.7m
Shaun Roedel	Senior Vice President of Manufactured Products	4.2yrs	no data	0.055% $ 1.3m
Leonardo Granato	Senior Vice President of Integrity Management & Digital Solutions	1.6yrs	no data	0.022% $ 513.9k

4.2yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 0KAN's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Roderick Larson	President	7yrs	US$7.75m	0.33% $ 8.0m
M. McEvoy	Chairman	13yrs	US$363.40k	0.14% $ 3.3m
Paul Murphy	Independent Director	11.8yrs	US$290.07k	0.065% $ 1.5m
Steven Webster	Independent Director	9.2yrs	US$254.31k	0.14% $ 3.4m
William Berry	Independent Director	7.9yrs	US$259.08k	0.077% $ 1.8m
Jon Erik Reinhardsen	Independent Director	7.6yrs	US$288.33k	0.077% $ 1.8m
Deanna L. Goodwin	Independent Director	6.3yrs	US$290.60k	0.020% $ 467.9k
Reema Poddar	Independent Non-Executive Director	less than a year	no data	no data
Karen Beachy	Independent Non-Executive Director	3.3yrs	US$259.46k	0.022% $ 535.6k

7.6yrs

Average Tenure

63yo

Average Age

Experienced Board: 0KAN's board of directors are considered experienced (7.6 years average tenure).

Oceaneering International Management

Management criteria checks 2/4

Key information

Recent management updates

Oceaneering International, Inc. Elects Reema Poddar as an Independent, Non-Executive Director

Oceaneering International, Inc. Announces Executive Changes

Oceaneering International, Inc. Announces Promotion of Catherine E. Dunn to Chief Accounting Officer, Effective December 1, 2023

Senior VP & CFO recently sold US$821k worth of stock

Witland J. Leblanc, Jr. Resigned as Chief Accounting Officer of Oceaneering International, Inc., Effective on August 7, 2023

Independent Director recently sold US$801k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.04 in 1Q 2023)

Oceaneering International, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Oceaneering International, Inc. Elects Reema Poddar as an Independent, Non-Executive Director

Now 21% undervalued

Full year 2023 earnings released: EPS: US$0.95 (vs US$0.26 in FY 2022)

Oceaneering International, Inc. Provides Earnings Guidance for the Year Ending December 31, 2024

Now 22% undervalued after recent price drop

Oceaneering International, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Oceaneering International, Inc. Announces Executive Changes

Oceaneering International, Inc. Announces Promotion of Catherine E. Dunn to Chief Accounting Officer, Effective December 1, 2023

Oceaneering International, Inc. Revises Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.29 (vs US$0.18 in 3Q 2022)

Oceaneering International, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Senior VP & CFO recently sold US$821k worth of stock

Oceaneering International, Inc. Provides Earnings Guidance for Year 2023

Second quarter 2023 earnings released: EPS: US$0.19 (vs US$0.037 in 2Q 2022)

Witland J. Leblanc, Jr. Resigned as Chief Accounting Officer of Oceaneering International, Inc., Effective on August 7, 2023

Investor sentiment improves as stock rises 15%

Oceaneering International, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Investor sentiment improves as stock rises 16%

Independent Director recently sold US$801k worth of stock

First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.19 loss in 1Q 2022)

Investor sentiment improves as stock rises 17%

Independent Non-Executive Director recently sold US$167k worth of stock

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: US$0.26 (vs US$0.49 loss in FY 2021)

Oceaneering International, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Oceaneering International, Inc. Announces Executive Changes, on or About January 1, 2023

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.074 loss in 3Q 2021)

David K. Lawrence Intends to Retire as Senior Vice President, General Counsel and Secretary of Oceaneering International, Inc., Effective Upon the Appointment of A Suitable Successor

Independent Director recently bought US$192k worth of stock

Oceaneering International, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Insufficient new directors

Oceaneering International, Inc. Announces Resignation of Dr. Kavitha Velusamy as Member of the Board of Directors

Oceaneering International, Inc. Announces Promotions to Senior Leadership Team

Oceaneering International, Inc. Announces the Promotion of Benjamin M. Laura to Senior Vice President and Chief Innovation Officer

Second quarter 2022 earnings released: EPS: US$0.037 (vs US$0.063 in 2Q 2021)

Oceaneering International, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Independent Director recently bought US$218k worth of stock

Now 29% undervalued after recent price drop

Now 24% undervalued after recent price drop

First quarter 2022 earnings released: US$0.19 loss per share (vs US$0.094 loss in 1Q 2021)

Oceaneering International, Inc., Annual General Meeting, May 27, 2022

Oceaneering International, Inc. to Report Q1, 2022 Results on Apr 27, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 23% undervalued

Now 20% undervalued after recent price drop

Forecast to breakeven in 2022

Director recently sold US$155k worth of stock

Forecast to breakeven in 2022

Third quarter 2021 earnings released: US$0.074 loss per share (vs US$0.80 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.062 (vs US$0.25 loss in 2Q 2020)

Chief Operating Officer Charles Davison has left the company

Director recently sold US$453k worth of stock

First quarter 2021 earnings released: US$0.094 loss per share (vs US$3.71 loss in 1Q 2020)

Director recently sold US$630k worth of stock

Oceaneering International Inc. Announces Executive Changes

Oceaneering International, Inc. Appoints T Jay Collins as Its New Chairman

Oceaneering International, Inc., Annual General Meeting, May 07, 2021

Full year 2020 earnings released: US$5.01 loss per share (vs US$3.52 loss in FY 2019)

Revenue misses expectations

Oceaneering International, Inc. Announces Board Appointments

Oceaneering International, Inc. to Report Q4, 2020 Results on Feb 24, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team