Brent Arriaga - Jan 3, 2023 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Role
CAO and Corporate Controller
Signature
Ken Neikirk by power of attorney
Stock symbol
HLX
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 03:50 PM
Previous filing
Mar 3, 2022
Next filing
Apr 17, 2023

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 Restricted Stock Units Award $0 +16.9K $0.00 16.9K Jan 3, 2023 Common Stock 16.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Restricted Stock Unit ("2023 RSU") award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2019, the "LTIP") and each 2023 RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions will lapse with respect to the 2023 RSUs granted on the basis of one-third of the grant on January 3, 2024, an additional one-third of the grant on January 3, 2025 and the remaining one-third of the grant on January 3, 2026. Upon each vesting, the Compensation Committee of the Company's Board of Directors has the option to pay the value in cash at its discretion.
F2 Upon lapse of the forfeiture restrictions of the 2023 RSUs.