Scott Andrew Sparks - 13 Jan 2025 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Role
EVP & COO
Signature
/s/ Ken Neikirk by power of attorney
Issuer symbol
HLX
Transactions as of
13 Jan 2025
Transactions value $
-$690,584
Form type
4
Filing time
15 Jan 2025, 16:31:18 UTC
Previous filing
06 Jan 2025
Next filing
03 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLX Common Stock Options Exercise +188K +167.18% 301K 13 Jan 2025 Direct F1
transaction HLX Common Stock Disposed to Issuer -$691K -74.1K -24.62% $9.32 227K 13 Jan 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HLX Performance Share Units Options Exercise $0 -188K -50% $0.00 188K 13 Jan 2025 Common Stock 188K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit ("2022 PSU") was previously granted on January 4, 2022 and represented the contingent right to receive one share of Company common stock. Actual number of shares upon vesting could have ranged from 0% to 200% dependent on the Company's performance over the three-year period beginning January 1, 2022 and ended December 31, 2024. Amount earned and vested with respect to the TSR portion of the 2022 PSUs (which comprised one half of the total 2022 PSUs granted) was 200%.
F2 These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2022 PSUs.
F3 Amount reported represents 200% of the remaining 2022 PSUs granted and is the maximum number that may be earned.