Form 4: Helix Energy Solutions Group CAO Reports Stock Transactions
SEC Form 4
Brent Alexander Arriaga, CAO and Corporate Controller of Helix Energy Solutions Group, reports the vesting of restricted stock units and related tax obligation fulfillment.
Summary
- On January 3, 2025, Brent Alexander Arriaga, CAO and Corporate Controller of Helix Energy Solutions Group, had 5,646 Restricted Stock Units (RSUs) vest.
- These RSUs represent the right to receive one share of Helix Energy Solutions Group common stock each.
- Also on January 3, 2025, 2,409 shares of common stock were forfeited to satisfy tax obligations related to the vesting of the RSUs at a price of $9.68.
- Following these transactions, Arriaga directly owns 11,935 shares of Helix Energy Solutions Group common stock and 5,646 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate positive or negative sentiment, but rather a standard process.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock-based compensation of company executives.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of shares upon RSU vesting.
- The forfeiture of shares to cover tax obligations has no material impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/03/2024 | Forfeiture restrictions lapsed with respect to one-third of the grant of the 2023 RSUs. |
| 01/03/2025 | Date of earliest transaction: Vesting of 5,646 Restricted Stock Units and forfeiture of 2,409 shares for tax obligations. |
| 01/03/2026 | Remaining one-third of the grant will lapse. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
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