Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed on a Current Report on Form 8-K filed on September 13, 2021, on September 9, 2021, A. Patrick Bernard, a named executive officer of Superior Energy Services, Inc. (the "Company"), entered into a Transition and Retirement Agreement with the Company (the "Transition and Retirement Agreement"). In accordance with the terms of the Transition and Retirement Agreement, to aid in the transition of Mr. Bernard's duties as contemplated by the Transition and Retirement Agreement, as of January 26, 2022, Mr. Bernard has been transitioned from Executive Vice President and President of International to a non-executive officer position.

The foregoing description of the Transition and Retirement Agreement applicable to Mr. Bernard is a summary only and does not purport to be complete, and is qualified in its entirety by reference to the full text of the Transition and Retirement Agreement, which was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K on September 13, 2021.

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