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

Director William L. Transier forfeited 6,293 shares of Helix Energy Solutions Group Inc. common stock to cover tax obligations related to a restricted stock award.

Summary

• William L. Transier, a director at Helix Energy Solutions Group Inc., forfeited 6,293 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. Transier directly owns 181,710 shares of Helix Energy Solutions Group Inc.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a standard 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 common practice in executive compensation across various industries.
• Many companies use restricted stock awards as part of their compensation packages, which often result in similar tax-related forfeitures.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares, but is not expected to significantly affect shareholders.

Key Dates

Keywords

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