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

Director Paula Harris forfeited 3,742 shares of Helix Energy Solutions Group Inc. common stock to cover tax obligations related to a restricted stock award.

Summary

• Paula Harris, a director at Helix Energy Solutions Group Inc., forfeited 3,742 shares of common stock on December 6, 2024.
• The shares were forfeited to satisfy tax obligations related to the vesting of a restricted stock award.
• The transaction was executed at a price of $10.49 per share.
• Following the transaction, Ms. Harris beneficially owns 62,903 shares of Helix Energy Solutions Group Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and is common in publicly traded companies. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Stock forfeitures to cover tax obligations are a standard practice in executive compensation across various industries.
• Similar transactions are regularly reported by directors and officers of publicly listed companies, including those in the energy sector such as Schlumberger and Halliburton.

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