Staffeldt Erik 4

4 · HELIX ENERGY SOLUTIONS GROUP INC · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

Helix Energy (HLX) CFO Erik Staffeldt Converts PSUs (Cash Payout)

What Happened

Erik Staffeldt, EVP & CFO of Helix Energy Solutions Group (HLX), recorded a derivative conversion (Form 4 code M) on 2026-02-26 for 132,995 units. The filing shows a price of $0.00 and $0 total because the vested 2023 Performance Share Units (PSUs) were settled in cash rather than delivered as stock.

Key Details

Transaction date: 2026-02-26; Form 4 filed: 2026-02-27 (timely).
Reported transaction: Conversion/exercise of 132,995 derivative units (code M); reported price $0.00 and aggregate amount $0 on the Form 4.
Footnote: These were 2023 PSUs granted Jan 3, 2023. Vesting ranged 0–200% based on total shareholder return vs peers and free cash flow for 2023–2025; the awards vested at 151% of target and the Compensation Committee elected to pay the vested value in cash.
Shares owned after the transaction: not specified in the provided filing details.
No indication of a 10b5-1 plan, gift, or tax-withholding share transfer in the information provided.

Context

This was a settlement of performance-based equity (PSUs) that vested and were paid in cash, not a purchase or an open-market sale of company stock. Cash settlements are common for PSU programs and do not directly signal buying or selling sentiment in the equity markets.

Form 4

Period: 2026-02-26

EVP & CFO

Transactions

Exercise/Conversion
Performance Share Units
[F1]
2026-02-26−132,995→ 0 total
→ Common Stock (132,995 underlying)

Footnotes (1)

[F1]Each Performance Share Unit ("2023 PSU") was granted on January 3, 2023 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 2023 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 compared to benchmarks over the three-year period beginning January 1, 2023 and ended December 31, 2025. Amount earned and vested was 151% of the number of 2023 PSUs granted. Pursuant to the terms of the 2023 PSU Award Agreement, the Compensation Committee of the Company's Board of Directors elected to pay in cash the value of the 2023 PSUs which vested.

Signature

/s/ Ken Neikirk by power of attorney|2026-02-27

1 file