Helix Energy director Paula Harris resigns
A board director resigned effective September 1, 2026, ending her Section 16 reporting obligations for HLX equity transactions.
Rhea-AI Filing Summary
HELIX ENERGY SOLUTIONS GROUP INC (HLX), now identified in the filing as Hornbeck Offshore Services, Inc., reports that director Paula Harris resigned from the issuer’s board. The notice was given on August 31, 2026, and the resignation became effective on September 1, 2026.
After this resignation, Paula Harris is no longer subject to Section 16 reporting requirements for transactions in the issuer’s equity securities and will no longer file Forms 4 or 5 for such transactions. This Form 4 reports no equity transactions.
Positive
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Negative
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Key Figures
Resignation notice date: August 31, 2026
Resignation effective date: September 1, 2026
Reported equity transactions: 0 transactions
3 metrics
Resignation notice date
August 31, 2026
Date Paula Harris gave notice of resignation to the issuer
Resignation effective date
September 1, 2026
Date Paula Harris’ resignation from the board became effective
Reported equity transactions
0 transactions
No purchases, sales, acquisitions, or dispositions reported in this Form 4
Key Terms
Section 16, Form 4, Form 5
3 terms
Section 16 regulatory
"no longer subject to Section 16 in connection with her 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.
FAQ
What did HELIX ENERGY SOLUTIONS GROUP INC (HLX) disclose in this Form 4?
The filing states that director Paula Harris resigned from the issuer’s board. Her resignation was effective September 1, 2026, and as a result she will no longer be subject to Section 16 reporting or file Forms 4 or 5 for transactions in the issuer’s equity securities.
When did the HLX director’s resignation become effective?
The resignation of director Paula Harris became effective on September 1, 2026. She had given notice of her resignation to the issuer on August 31, 2026, and the effectiveness date ended her status as a Section 16 reporting person for the company’s equity securities.
Who is the reporting person in this HLX Form 4 and what was her role?
The reporting person is Paula Harris, who is identified as a director of the issuer. The filing explains that she resigned from the board, effective September 1, 2026, and therefore will no longer have ongoing Section 16 reporting obligations for the issuer’s equity securities.
Does this HLX Form 4 report any stock transactions by the director?
No. The Form 4 reports no equity transactions. The structured transaction data show zero purchases, sales, acquisitions, or dispositions, and the narrative remarks focus solely on the resignation of Paula Harris and the resulting end of her Section 16 reporting obligations.
Why will Paula Harris no longer file Forms 4 or 5 for HLX?
Because her resignation from the issuer’s board was effective on September 1, 2026, Paula Harris is no longer an officer, director, or other Section 16 insider of the issuer. The filing states that she will therefore no longer report equity transactions on Form 4 or Form 5.
Was a Rule 10b5-1 trading plan involved in this HLX Form 4?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and there are no reported transactions in the Form 4. The only substantive disclosure is the director’s resignation and the end of her Section 16 reporting obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
