Form 4: Helix Energy Solutions Executive Exercises Performance Share Units, Sells Shares for Tax Obligations

Kenneth Neikirk, EVP, General Counsel & Secretary of Helix Energy Solutions Group, exercised performance share units and sold shares to cover tax obligations on March 6, 2024.

Summary

• On March 6, 2024, Kenneth Neikirk, EVP, General Counsel & Secretary of Helix Energy Solutions Group, exercised 172,381 Performance Share Units (PSUs) that were granted on January 4, 2021.
• The actual number of shares received upon vesting was dependent on the company's performance over the three-year period from January 1, 2021, to December 31, 2023, and was determined to be 181% of the granted PSUs.
• Neikirk also disposed of 67,832 shares of common stock at a price of $10.28 per share to satisfy tax obligations related to the vesting of the PSUs.
• Following these transactions, Neikirk directly owns 188,540 shares of Helix Energy Solutions Group Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's performance or stock value.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.

Key Dates