Form 4: Helix Energy Director Paula Harris Acquires Shares as Part of Incentive Plan

Director Paula Harris acquired 2,534 shares of Helix Energy Solutions Group Inc. common stock on October 1, 2024, as part of the company's long-term incentive plan.

Summary

• On October 1, 2024, Paula Harris, a director of Helix Energy Solutions Group Inc., acquired 2,534 shares of common stock.
• The acquisition was made under the company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2024).
• The shares were received as a restricted stock award in lieu of quarterly fees for her service on the Board of Directors and its committees.
• The price per share was $0, as the stock was granted as part of the incentive plan.
• Following the transaction, Paula Harris directly owns 66,645 shares of Helix Energy Solutions Group Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The use of a long-term incentive plan is generally viewed positively.

Positives

• The acquisition of shares by a director demonstrates alignment with the company's long-term success.
• The use of a long-term incentive plan suggests a focus on sustained performance and value creation.

Industry Context

This type of stock award is a common practice in corporate governance to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock awards to board members is a common practice among publicly traded companies, including those in the energy sector like Schlumberger, Halliburton, and Baker Hughes.
• These companies often use long-term incentive plans to attract and retain qualified directors and align their interests with shareholders.
• The size of the award is typical for director compensation, but can vary based on company size, performance, and individual contributions.

Stakeholder Impact

• The stock acquisition by a director can positively influence shareholder confidence.
• The incentive plan aligns the director's interests with those of the shareholders.

Key Dates