Scott Andrew Sparks - Jan 3, 2024 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Role
EVP and COO
Signature
Ken Neikirk by power of attorney
Stock symbol
HLX
Transactions as of
Jan 3, 2024
Transactions value $
-$925,947
Form type
4
Date filed
1/5/2024, 04:11 PM
Previous filing
Jan 3, 2024
Next filing
Mar 8, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLX Common Stock Options Exercise +31.1K +18.94% 195K Jan 3, 2024 Direct F1
transaction HLX Common Stock Disposed to Issuer -$311K -31.1K -15.92% $10.01 164K Jan 3, 2024 Direct F2
transaction HLX Common Stock Options Exercise +62.8K +38.28% 227K Jan 4, 2024 Direct F3
transaction HLX Common Stock Disposed to Issuer -$615K -62.8K -27.69% $9.80 164K Jan 4, 2024 Direct F4

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 Options Exercise $0 -31.1K -33.33% $0.00 62.1K Jan 3, 2024 Common Stock 31.1K Direct F1, F5
transaction HLX Restricted Stock Units Options Exercise $0 -62.8K -50% $0.00 62.8K Jan 4, 2024 Common Stock 62.8K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("2023 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2023 RSUs on January 3, 2024. Forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 3, 2025 and the remaining one-third of the grant will lapse on January 3, 2026.
F2 The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2023 RSUs for which forfeiture restrictions lapsed.
F3 Each Restricted Stock Unit ("2022 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2022 RSUs on January 4, 2023, forfeiture restrictions lapsed with respect to an additional one-third of the grant on January 4, 2024 and the remaining one-third of the grant will lapse on January 4, 2025.
F4 The Compensation Committee elected to pay in cash the value of the 2022 RSUs for which forfeiture restrictions lapsed.
F5 Upon lapse of the forfeiture restrictions of the 2023 RSUs.
F6 Upon lapse of the forfeiture restrictions of the 2022 RSUs.