Form 4: Helix Energy Solutions Director Forfeits Shares to Cover Tax Obligations

A director at Helix Energy Solutions Group Inc. forfeited 5,443 shares of common stock to cover tax obligations related to a restricted stock award.

Summary

• Thomas Mitchell Little, a director at Helix Energy Solutions Group Inc., forfeited 5,443 shares of common stock on December 6, 2024.
• The shares were forfeited to satisfy tax obligations arising from the vesting of a restricted stock award.
• The transaction was executed at a price of $10.49 per share.
• Following the transaction, Mr. Little directly owns 91,309 shares of Helix Energy Solutions Group Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Stock forfeitures to cover tax obligations are a standard practice in executive compensation across various industries.
• The number of shares forfeited is relatively small compared to the total holdings of the director, which is typical for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for executive compensation.

Key Dates

Keywords

Form 4, Helix Energy Solutions, Director, Stock Forfeiture, Tax Obligations, Restricted Stock, HLX, Beneficial Ownership