Sparks Scott Andrew 4
4 · HELIX ENERGY SOLUTIONS GROUP INC · Filed Mar 3, 2025
Insider Transaction Report
Form 4
Sparks Scott Andrew
EVP & COO
Transactions
- Exercise/Conversion
Common Stock
2025-02-27+188,301→ 415,139 total - Exercise/Conversion
Performance Share Units
2025-02-27−188,301→ 0 total→ Common Stock (188,301 underlying) - Tax Payment
Common Stock
2025-02-27$9.32/sh−74,097$690,584→ 341,042 total
Footnotes (2)
- [F1]Each Performance Share Unit ("2022 PSU") was granted on January 4, 2022 pursuant to the Company's 2005 Long-Term Incentive Plan (as amended, the "LTIP") and represented the contingent right to receive one share of Company common stock subject to the terms of the LTIP and the 2022 PSU Award Agreement. Actual number of shares upon vesting could have ranged from 0-200% dependent in equal parts on the Company's total shareholder return performance compared to a selected peer group and the generation of free cash flow ("FCF") compared to benchmarks over the three-year period beginning January 1, 2022 and ended December 31, 2024. The Company generated cumulative FCF during the performance period exceeding the highest benchmark threshold under the 2022 PSU Award Agreement which resulted in a 200% payout for the FCF portion and are settled hereby.
- [F2]These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2022 PSUs.