Helix director granted 16,990 RSUs, withholds shares
HLX director John Lovoi received 16,990 RSUs vesting in 2029 and had 4,552 shares withheld to cover exercise price or tax obligations.
Rhea-AI Filing Summary
HELIX ENERGY SOLUTIONS GROUP INC (HLX) director John Lovoi reported mixed equity compensation activity. On September 2, 2026, he received a grant of 16,990 restricted stock units, each representing a contingent right to one share of common stock that vest on September 1, 2029. On September 1, 2026, 4,552 shares of common stock were delivered or withheld at $10.30 per share to pay an exercise price or tax liability. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LOVOI JOHN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 16,990 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,552 | $10.30 | $47K |
Holdings After Transaction:
Common Stock — 404,765 shares (Direct)
Footnotes (1)
- F1. Represents a grant of 16,990 restricted stock units ("RSUs"), each of which represents a contingent right to receive, upon vesting, one share of common stock, par value $0.00001 per share, of the Issuer. The RSUs vest on September 1, 2029.
Key Figures
RSUs granted: 16,990 units
RSU vesting date: September 1, 2029
Shares delivered/withheld: 4,552 shares
+1 more
4 metrics
RSUs granted
16,990 units
Grant of restricted stock units to director on September 2, 2026
RSU vesting date
September 1, 2029
Vesting date for 16,990 RSUs
Shares delivered/withheld
4,552 shares
Shares used for payment of exercise price or tax liability on September 1, 2026
Price per share for withholding
$10.30 per share
Value used for 4,552-share exercise-price-or-tax-liability disposition
Key Terms
restricted stock units, contingent right, par value, tax liability
4 terms
restricted stock units financial
"Represents a grant of 16,990 restricted stock units ("RSUs"), each of which"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"each of which represents a contingent right to receive, upon vesting, one share"
par value financial
"one share of common stock, par value $0.00001 per share, of the Issuer"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What equity award did HLX director John Lovoi report on this Form 4?
He reported a grant of 16,990 restricted stock units (RSUs) on September 2, 2026. Each RSU represents a contingent right to receive one share of Helix Energy Solutions Group common stock upon vesting.
When do John Lovoi’s RSUs reported for HLX vest?
The filing states that the 16,990 RSUs vest on September 1, 2029. Upon vesting, each RSU entitles him to receive one share of Helix Energy Solutions Group common stock, subject to the award terms.
Was a Rule 10b5-1 trading plan used for John Lovoi’s HLX transactions?
No. The document-level Rule 10b5-1 checkbox is not checked, indicating that these reported transactions were not affirmed as being made under a Rule 10b5-1 trading plan.
What security is involved in John Lovoi’s Form 4 transactions for HLX?
Both transactions involve Common Stock of Helix Energy Solutions Group Inc., including a grant of 16,990 RSUs, each settling in one share of common stock upon vesting, and the delivery or withholding of 4,552 common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.