Key facts
- This page summarizes Owen E. Kratz's Form 4 filing for HELIX ENERGY SOLUTIONS GROUP INC (HLX).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Mar 2025, 18:10.
Owen E. Kratz - 27 Feb 2025 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)
- Reporting relationship
- PRESIDENT & CEO, Director
- Issuer ticker
- HLX
- Reported as of
- 27 Feb 2025
- Net transaction value
- -$1,798,452
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2025, 18:10:29 UTC
- Prior SEC filing
- 15 Jan 2025
- Next SEC filing
- 05 Jan 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ken Neikirk by power of attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Owen E. Kratz filed Form 4 for HELIX ENERGY SOLUTIONS GROUP INC (HLX) on 03 Mar 2025.
Change
- Previous filing in this sequence was filed on 15 Jan 2025.
- Current net transaction value: -$1,798,452.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HLX
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +490,385
- Change %
- +6.6%
- Price
- Shares after
- 7,959,663
- Date
- 27 Feb 2025
- Ownership
- Direct
- Footnotes
- F1, F2
HLX
transaction
Common Stock
Tax liability
- Transaction value
- $1,798,452
- Shares
- -192,967
- Change %
- -2.4%
- Price
- $9.32
- Shares after
- 7,766,696
- Date
- 27 Feb 2025
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HLX
transaction
Derivative
Performance Share Units
Options Exercise
- Transaction value
- $0
- Shares
- -576,923
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 27 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 576,923
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Each Performance Share Unit ("2022 PSU") was granted on January 4, 2022 pursuant to the Company's 2005 Long-Term Incentive Plan (as amended, the "LTIP") and represented the contingent right to receive one share of Company common stock subject to the terms of the LTIP and the 2022 PSU Award Agreement. Actual number of shares upon vesting could have ranged from 0-200% dependent in equal parts on the Company's total shareholder return performance compared to a selected peer group and the generation of free cash flow ("FCF") compared to benchmarks over the three-year period beginning January 1, 2022 and ended December 31, 2024. The Company generated cumulative FCF during the performance period exceeding the highest benchmark threshold under the 2022 PSU Award Agreement which resulted in a 200% payout for the FCF portion and are settled hereby. The Compensation Committee of the Company's Board of Directors elected to pay in cash the value of a portion of the 2022 PSUs which vested.
Footnote 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.
Footnote F3
These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2022 PSUs.