Owen E. Kratz - 01 Jan 2026 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Reporting relationship: PRESIDENT & CEO, Director
Issuer ticker: HLX
Reported as of: 01 Jan 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 05 Jan 2026, 16:48:34 UTC
Prior SEC filing: 03 Mar 2025
Next SEC filing: 27 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Ken Neikirk by power of attorney

Key filing fact

Owen E. Kratz filed Form 4 for HELIX ENERGY SOLUTIONS GROUP INC (HLX) on 05 Jan 2026.

Key facts

This page summarizes Owen E. Kratz's Form 4 filing for HELIX ENERGY SOLUTIONS GROUP INC (HLX).
5 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 05 Jan 2026, 16:48.

Change

Previous filing in this sequence was filed on 03 Mar 2025.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001041815 Primary reporting owner

KRATZ OWEN E

Relationship: PRESIDENT & CEO, Director
Address: 3505 WEST SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON
Signature: /s/ Ken Neikirk by power of attorney
Signature date: 05 Jan 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HLX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -58,366
Change %: -50%
Price: $0.000000
Shares after: 58,366
Date: 01 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 58,366
Exercise price
Footnotes: F1, F2

HLX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -64,377
Change %: -33%
Price: $0.000000
Shares after: 128,756
Date: 01 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 64,377
Exercise price
Footnotes: F3, F4

HLX transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +287,081
Change %
Price: $0.000000
Shares after: 287,081
Date: 01 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 287,081
Exercise price
Footnotes: F5, F6

HLX transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +574,162
Change %
Price: $0.000000
Shares after: 574,162
Date: 01 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 574,162
Exercise price
Footnotes: F7, F8, F9

HLX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -81,301
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 03 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 81,301
Exercise price
Footnotes: F10, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

Each Restricted Stock Unit ("2024 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 2024 RSUs on January 1, 2025, forfeiture restrictions with respect to an additional one-third of the grant lapsed on January 1, 2026 and forfeiture restrictions with respect to the last one-third of the grant are scheduled to lapse on January 1, 2027. The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2024 RSUs for which forfeiture restrictions lapsed on January 1, 2026.

Footnote F2

Upon lapse of the forfeiture restrictions of the 2024 RSUs.

Footnote F3

Each Restricted Stock Unit ("2025 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 2025 RSUs on January 1, 2026, forfeiture restrictions with respect to an additional one-third of the grant are scheduled to lapse on January 1, 2027 and forfeiture restrictions with respect to the last one-third of the grant are scheduled to lapse on January 1, 2028. The Compensation Committee elected to pay in cash the value of the 2025 RSUs for which forfeiture restrictions lapsed on January 1, 2026.

Footnote F4

Upon lapse of the forfeiture restrictions of the 2025 RSUs.

Footnote F5

This Restricted Stock Unit ("2026 RSU") award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2024, the "LTIP") and each 2026 RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions are scheduled to lapse with respect to the 2026 RSUs granted on the basis of one-third of the grant on January 1, 2027, an additional one-third of the grant on January 1, 2028 and the remaining one-third of the grant on January 1, 2029. Upon each 2026 RSU vesting, the Compensation Committee has the option to pay the value in cash at its discretion.

Footnote F6

Upon lapse of the forfeiture restrictions of the 2026 RSUs.

Footnote F7

This Performance Share Unit ("2026 PSU") award was granted pursuant to the LTIP and each 2026 PSU represents the contingent right to receive one share of Company common stock. Actual number of 2026 PSUs upon vesting may range from 0% to 200% dependent on the Company's performance over the three-year period from January 1, 2026 through December 31, 2028. Upon 2026 PSU vesting, the Compensation Committee has the option to pay the value in cash at its discretion.

Footnote F8

Amount reported represents 200% of the number of 2026 PSUs granted and is the maximum number that may be earned.

Footnote F9

Upon payment of the 2026 PSUs, which shall occur no later than March 15, 2029.

Footnote F10

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 lapsed on January 3, 2025 and forfeiture restrictions with respect to the last one-third of the grant lapsed on January 3, 2026. The Compensation Committee elected to pay in cash the value of the 2023 RSUs for which forfeiture restrictions lapsed on January 3, 2026.

Footnote F11

Upon lapse of the forfeiture restrictions of the 2023 RSUs.