Form 4: Helix Energy Solutions CEO Owen Kratz Reports Stock Transactions

Owen Kratz, President & CEO of Helix Energy Solutions Group Inc, reports the vesting and cash settlement of restricted stock units.

Summary

• On January 3, 2025, Owen Kratz, the President & CEO of Helix Energy Solutions Group Inc., had 81,301 Restricted Stock Units (RSUs) vest, which were then settled in cash.
• These RSUs represent the contingent right to receive one share of company common stock.
• The forfeiture restrictions lapsed with respect to one-third of the grant of the 2023 RSUs on January 3, 2024, an additional one-third on January 3, 2025, and the remaining one-third will lapse on January 3, 2026.
• The Compensation Committee elected to pay in cash the value of the 2023 RSUs for which forfeiture restrictions lapsed, at a price of $9.68 per share.
• On January 4, 2025, an additional 192,308 Restricted Stock Units (RSUs) vested, which were then settled in cash.
• These RSUs represent the contingent right to receive one share of company common stock.
• The forfeiture restrictions lapsed with respect to one-third of the grant of the 2022 RSUs on January 4, 2023, an additional one-third on January 4, 2024, and the remaining one-third will lapse on January 4, 2025.
• The Compensation Committee elected to pay in cash the value of the 2022 RSUs for which forfeiture restrictions lapsed, at a price of $9.52 per share.
• Following these transactions, Mr. Kratz beneficially owns 7,171,860 shares of common stock directly.
• 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.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the vesting of RSUs, although the shares were settled in cash.

Key Dates