Helix Energy (HLX) EVP & COO granted 2026 RSUs and PSUs

Rhea-AI Filing Summary

Helix Energy Solutions Group reported equity compensation changes for its EVP & COO. On January 1, 2026, the officer received a new grant of 109,649 Restricted Stock Units ("2026 RSUs") and a Performance Share Unit award of 219,298 potential shares, representing 200% of the 2026 PSU target as the maximum that may be earned based on company performance from January 1, 2026 through December 31, 2028. The 2026 RSUs are scheduled to vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, while any 2026 PSUs earned are payable no later than March 15, 2029. The filing also notes that for previously granted 2023, 2024 and 2025 RSUs, the Compensation Committee elected to pay in cash the value of portions that vested on January 1, 2026 and January 3, 2026 instead of delivering shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sparks Scott Andrew

(Last) (First) (Middle)

3505 WEST SAM HOUSTON PKWY NORTH

SUITE 400

(Street)

HOUSTON TX 77043

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HELIX ENERGY SOLUTIONS GROUP INC [ HLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & COO

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/01/2026		M			22,292	(1)	(2)	Common Stock	22,292	$0	22,293	D
Restricted Stock Units	(3)	01/01/2026		M			24,588	(3)	(4)	Common Stock	24,588	$0	49,178	D
Restricted Stock Units	(5)	01/01/2026		A		109,649		(5)	(6)	Common Stock	109,649	$0	109,649	D
Performance Share Units	(7)	01/01/2026		A		219,298(8)		(7)	(9)	Common Stock	219,298	$0	219,298	D
Restricted Stock Units	(10)	01/03/2026		M			31,053	(10)	(11)	Common Stock	31,053	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("2024 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2024 RSUs on January 1, 2025, forfeiture restrictions with respect to an additional one-third of the grant lapsed on January 1, 2026 and forfeiture restrictions with respect to the last one-third of the grant are scheduled to lapse on January 1, 2027. The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2024 RSUs for which forfeiture restrictions lapsed on January 1, 2026.

2. Upon lapse of the forfeiture restrictions of the 2024 RSUs.

3. Each Restricted Stock Unit ("2025 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2025 RSUs on January 1, 2026, forfeiture restrictions with respect to an additional one-third of the grant are scheduled to lapse on January 1, 2027 and forfeiture restrictions with respect to the last one-third of the grant are scheduled to lapse on January 1, 2028. The Compensation Committee elected to pay in cash the value of the 2025 RSUs for which forfeiture restrictions lapsed on January 1, 2026.

4. Upon lapse of the forfeiture restrictions of the 2025 RSUs.

5. This Restricted Stock Unit ("2026 RSU") award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2024, the "LTIP") and each 2026 RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions are scheduled to lapse with respect to the 2026 RSUs granted on the basis of one-third of the grant on January 1, 2027, an additional one-third of the grant on January 1, 2028 and the remaining one-third of the grant on January 1, 2029. Upon each 2026 RSU vesting, the Compensation Committee has the option to pay the value in cash at its discretion.

6. Upon lapse of the forfeiture restrictions of the 2026 RSUs.

7. This Performance Share Unit ("2026 PSU") award was granted pursuant to the LTIP and each 2026 PSU represents the contingent right to receive one share of Company common stock. Actual number of 2026 PSUs upon vesting may range from 0% to 200% dependent on the Company's performance over the three-year period from January 1, 2026 through December 31, 2028. Upon 2026 PSU vesting, the Compensation Committee has the option to pay the value in cash at its discretion.

8. Amount reported represents 200% of the number of 2026 PSUs granted and is the maximum number that may be earned.

9. Upon payment of the 2026 PSUs, which shall occur no later than March 15, 2029.

10. Each Restricted Stock Unit ("2023 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2023 RSUs on January 3, 2024, forfeiture restrictions with respect to an additional one-third of the grant lapsed on January 3, 2025 and forfeiture restrictions with respect to the last one-third of the grant lapsed on January 3, 2026. The Compensation Committee elected to pay in cash the value of the 2023 RSUs for which forfeiture restrictions lapsed on January 3, 2026.

11. Upon lapse of the forfeiture restrictions of the 2023 RSUs.

	/s/ Ken Neikirk by power of attorney	01/05/2026
	** Signature of Reporting Person	Date
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FAQ

What insider activity did Helix Energy Solutions (HLX) report in this Form 4?

The filing reports equity compensation activity for Helix Energy Solutions Group's EVP & COO, including new 2026 RSU and 2026 PSU grants and the vesting and cash settlement of portions of 2023, 2024, and 2025 RSU awards.

What new 2026 RSU award did the HLX EVP & COO receive?

The officer received a Restricted Stock Unit ("2026 RSU") award of 109,649 units, each representing the contingent right to one share of common stock. Forfeiture restrictions are scheduled to lapse in three equal parts on January 1, 2027, January 1, 2028, and January 1, 2029.

How is the 2026 Performance Share Unit (PSU) award structured for HLX's EVP & COO?

The 2026 PSU award was granted under the company's LTIP, with each PSU representing the contingent right to one share of common stock. The actual number earned may range from 0% to 200% of target based on performance from January 1, 2026 through December 31, 2028, and the amount reported, 219,298 shares, reflects the 200% maximum.

When will the 2026 PSUs for HLX potentially be paid out?

The filing states that payment of any earned 2026 PSUs will occur upon payment of the 2026 PSUs, which shall occur no later than March 15, 2029.

How did HLX handle the vested portions of prior RSU awards in 2024–2026?

For the 2023, 2024, and 2025 RSU grants, one-third tranches vested in 2024, 2025, and 2026. For the tranches that vested on January 1, 2026 and January 3, 2026, the Compensation Committee elected to pay the value of those RSUs in cash rather than deliver shares.

Under what plan were the 2026 RSU and 2026 PSU awards granted at HLX?

The 2026 RSU and 2026 PSU awards were granted under Helix Energy Solutions Group's 2005 Long Term Incentive Plan, as amended and restated effective May 15, 2024.