Staffeldt Erik 4

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.