4//SEC Filing
KRATZ OWEN E 4
Accession 0001415889-25-006260
CIK 0000866829other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 6:10 PM ET
Size
9.9 KB
Accession
0001415889-25-006260
Insider Transaction Report
Form 4
KRATZ OWEN E
DirectorPRESIDENT & CEO
Transactions
- Tax Payment
Common Stock
2025-02-27$9.32/sh−192,967$1,798,452→ 7,766,696 total - Exercise/Conversion
Common Stock
2025-02-27+490,385→ 7,959,663 total - Exercise/Conversion
Performance Share Units
2025-02-27−576,923→ 0 total→ Common Stock (576,923 underlying)
Footnotes (3)
- [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. The Compensation Committee of the Company's Board of Directors elected to pay in cash the value of a portion of the 2022 PSUs which vested.
- [F2]Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner.
- [F3]These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2022 PSUs.
Documents
Issuer
HELIX ENERGY SOLUTIONS GROUP INC
CIK 0000866829
Entity typeother
Related Parties
1- filerCIK 0001041815
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 6:10 PM ET
- Size
- 9.9 KB