Form 4: Helix Energy Solutions Director, Paula Harris, Receives Stock Award in Lieu of Quarterly Fees

Director Paula Harris acquired 2,356 shares of Helix Energy Solutions Group Inc. common stock on July 1, 2024, as a restricted stock award in lieu of quarterly fees for board service.

Summary

• On July 1, 2024, Paula Harris, a director of Helix Energy Solutions Group Inc., acquired 2,356 shares of common stock.
• The acquisition was a restricted stock award granted under the company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2024).
• The shares were received in lieu of quarterly fees for Ms. Harris's service on the Board of Directors and its committees.
• Following the transaction, Ms. Harris beneficially owns 64,111 shares of Helix Energy Solutions Group Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's increased stake in the company, aligning interests with shareholders. It's a routine transaction, but indicates confidence.

Positives

• The acceptance of stock in lieu of fees demonstrates the director's alignment with the company's long-term interests.

Industry Context

Directors receiving stock in lieu of fees is a common practice to align their interests with shareholders, particularly in the energy sector where long-term performance is crucial.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholders by aligning the director's interests with theirs.

Key Dates