Form 4: Helix Energy Solutions Executive Exercises and Converts Restricted Stock Units

Kenneth Neikirk, EVP, General Counsel & Secretary of Helix Energy Solutions Group, reports the exercise and conversion of restricted stock units into common stock, followed by cash settlement of the vested units.

Summary

• On January 3, 2025, Kenneth Neikirk exercised 21,454 Restricted Stock Units (RSUs) which converted into common stock.
• The Compensation Committee elected to pay cash for these RSUs at a price of $9.68 per share.
• Following the transaction, Neikirk directly owns 104,459 shares of common stock.
• On January 4, 2025, Neikirk exercised 42,735 Restricted Stock Units (RSUs) which converted into common stock.
• The Compensation Committee elected to pay cash for these RSUs at a price of $9.52 per share.
• Following the transaction, Neikirk directly owns 104,459 shares of common stock.
• After these transactions, Neikirk beneficially owns 21,455 derivative securities.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative implications for 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 minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates