Form 4: Helix Energy Director Paula Harris Reports Stock Transactions
SEC Form 4 Filing
Director Paula Harris reports acquisition and disposal of Helix Energy Solutions Group Inc. stock on January 1, 2025.
Summary
- On January 1, 2025, Paula Harris, a director of Helix Energy Solutions Group Inc., reported a transaction involving the company's common stock.
- Harris disposed of 2,588 shares to cover tax obligations related to vesting restricted stock at a price of $9.32 per share.
- She also acquired 3,018 shares of restricted stock with no purchase price, received in lieu of quarterly fees for her board service.
- Following these transactions, Harris beneficially owns 78,214 shares of Helix Energy Solutions Group Inc. common stock.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of restricted stock by the director aligns her interests with the company's long-term performance.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- The transactions are typical for directors receiving stock-based compensation and managing tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to director compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 15, 2024 | Amendment and Restatement of the Company's 2005 Long Term Incentive Plan |
| January 1, 2025 | Date of stock disposal and acquisition by Paula Harris |
| January 3, 2025 | Date of signature on the Form 4 filing |
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