Owen E. Kratz - Mar 6, 2024 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Signature
Ken Neikirk by Power of Attorney
Stock symbol
HLX
Transactions as of
Mar 6, 2024
Transactions value $
-$958,805
Form type
4
Date filed
3/8/2024, 04:12 PM
Previous filing
Jan 5, 2024
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLX Common Stock Options Exercise $0 +237K +3.1% $0.00 7.88M Mar 6, 2024 Direct F1, F2
transaction HLX Common Stock Tax liability -$959K -93.3K -1.18% $10.28 7.79M Mar 6, 2024 Direct F2, F3

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 -237K -100% $0.00* 0 Mar 6, 2024 Common Stock 237K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit ("2021 PSU") was previously granted on January 4, 2021 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, 2021 and ended December 31, 2023. Amount earned and vested was 181% of the number of 2021 PSUs granted.
F2 Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner.
F3 These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2021 PSUs.