An Oceaneering Insider Sold 7,000 Company Shares. Here's a Closer Look at the Transaction.
Key Points
Director Deanna Goodwin sold 7,000 shares a transaction value of approximately ~$285,000 on July 1, 2026, at a weighted average price of $40.69 per share.
The transaction represented 16.32% of Goodwin's direct holdings, reducing direct ownership to 35,905 shares (0.0360% of outstanding shares).
All shares traded were held directly, with no indirect or derivative involvement.
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Deanna L. Goodwin, a member of the Board of Directors of Oceaneering International (NYSE:OII), reported the sale of 7,000 shares of common stock in an open-market transaction on July 1, 2026, according to an SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Shares sold (direct) | 7,000 |
| Transaction value | ~$285,000 |
| Post-transaction shares (direct) | 35,905 |
| Post-transaction value (direct ownership) | ~$1.41 million |
Transaction value based on SEC Form 4 weighted average reported price ($40.69); post-transaction value based on July 1, 2026 market close ($39.39).
Key questions
- How impactful was this transaction on Deanna Goodwin’s overall stake?
Goodwin reduced her direct holdings by 16.32%, retaining 35,905 shares after the sale, which comprises 0.0360% of the company's outstanding shares as of July 1, 2026. - Were any indirect or derivative holdings involved in this transaction?
No, the disposition involved only directly-held common stock, with no shares traded via trusts or derivative securities. No indirect holdings were disclosed in this filing. - Does this transaction reflect an established selling pattern or a one-off event?
This is Goodwin’s first open-market sale in at least two years, with prior reported transactions limited to administrative events, indicating no recurring cadence of selling activity. - How does the transaction price compare to recent trading levels and the company's performance?
The weighted average sale price of $40.69 was slightly above the July 1, 2026 market close of $39.39, and follows a one-year total return of 80.84% as of the transaction date, suggesting the sale occurred near recent highs.
Company overview
| Metric | Value |
|---|---|
| Employees | 10,400 |
| Revenue (TTM) | $2.80 billion |
| Net income (TTM) | $339.49 million |
| 1-year price change | 80.84% |
* 1-year price change calculated as of July 1, 2026.
Company snapshot
- Oceaneering International provides subsea robotics, manufactured products for energy infrastructure, asset integrity management, and aerospace and defense engineering solutions.
- The company generates revenue primarily through engineering services, equipment sales, and long-term contracts in offshore energy, defense, and industrial automation sectors.
- Key customers include offshore oil and gas operators, government agencies, aerospace contractors, and industrial clients seeking advanced robotic and digital solutions.
Oceaneering International is a diversified engineering and technology firm with global operations and a strong presence in the offshore energy and defense markets. The company leverages a broad portfolio of subsea robotics, digital solutions, and specialized manufactured products to address complex operational challenges for major industry players. Its scale, technical expertise, and multi-sector reach underpin its competitive positioning in high-value, mission-critical applications.
What this transaction means for investors
The June 30 sale of Oceaneering International stock by Board of Directors member Deanna Goodwin occurred at a time when shares were soaring. The stock eventually reached a multi-year high of $44.22 on July 14. Goodwin sold for a weighted average price of $40.69.
It seems Goodwin capitalized on the rising share price to lock in some gains. Post-transaction, she retained nearly 36,000 shares, a sign that she remains confident in the company’s long-term outlook.
Oceaneering stock went on a great run thanks to positive business developments. The company announced customer orders totaling $1 billion in the first quarter with some contracts extending out to 2031. Its Q1 revenue was up 3% year over year to $692 million.
Oceaneering expects further sales growth in Q2 with EBITDA in the range of $100 million to $110 million. The company produced adjusted EBITDA of $103 million in the second quarter of 2025, so it looks like it will deliver a solid increase in 2026.
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Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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