Helix Energy director resignation ends insider duty
A board director associated with HLX resigned effective September 1, 2026, ending his Section 16 reporting obligations for that issuer’s equity securities.
Rhea-AI Filing Summary
HELIX ENERGY SOLUTIONS GROUP INC (HLX) reports that director Thomas Mitchell Little resigned from the board of directors of Hornbeck Offshore Services, Inc. (formerly named Helix Energy Solutions Group, Inc.).
His resignation was effective September 1, 2026, after which he is no longer subject to Section 16 reporting for transactions in that issuer’s equity securities.
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Key Figures
Resignation notice date: August 31, 2026
Resignation effective date: September 1, 2026
Section 16 status: No longer subject after September 1, 2026
3 metrics
Resignation notice date
August 31, 2026
Date the reporting person gave notice of resignation to the issuer
Resignation effective date
September 1, 2026
Date the resignation from the board of directors became effective
Section 16 status
No longer subject after September 1, 2026
Reporting person is no longer subject to Section 16 for this issuer’s equity securities
Key Terms
Section 16, Form 4, Form 5, board of directors
4 terms
Section 16 regulatory
"no longer subject to Section 16 in connection with his transactions"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Form 4 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 5 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
A Form 5 is an annual report filed with the U.S. securities regulator by company insiders—such as officers, directors and large shareholders—to disclose any equity transactions or holdings that were missed or deferred during the year. Think of it as an end-of-year ledger adjustment that shows final insider ownership and late-reported trades; investors use it to verify insider confidence, detect possible conflicts of interest, and spot unusual patterns in insiders’ buying or selling.
board of directors financial
"resigning from the board of directors of the Issuer"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
Who resigned in relation to HELIX ENERGY SOLUTIONS GROUP INC (HLX) and when?
Director Thomas Mitchell Little gave notice of resignation on August 31, 2026, with the resignation effective as of September 1, 2026.
Were any trades reported under a Rule 10b5-1 trading plan for HLX in this filing?
No. The filing indicates that trades were not reported under a Rule 10b5-1 trading plan, and there are no transactions listed in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.