0001209191-23-001029.txt : 20230104 0001209191-23-001029.hdr.sgml : 20230104 20230104165601 ACCESSION NUMBER: 0001209191-23-001029 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230103 FILED AS OF DATE: 20230104 DATE AS OF CHANGE: 20230104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KRATZ OWEN E CENTRAL INDEX KEY: 0001041815 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32936 FILM NUMBER: 23507473 MAIL ADDRESS: STREET 1: 3505 W SAM HOUSTON PKWY NORTH STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77043 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HELIX ENERGY SOLUTIONS GROUP INC CENTRAL INDEX KEY: 0000866829 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 953409686 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3505 W SAM HOUSTON NORTH STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77043 BUSINESS PHONE: 281-618-0400 MAIL ADDRESS: STREET 1: 3505 W SAM HOUSTON NORTH STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77043 FORMER COMPANY: FORMER CONFORMED NAME: CAL DIVE INTERNATIONAL INC DATE OF NAME CHANGE: 19960821 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2023-01-03 0 0000866829 HELIX ENERGY SOLUTIONS GROUP INC HLX 0001041815 KRATZ OWEN E 3505 W SAM HOUSTON PARKWAY N. SUITE 400 HOUSTON TX 77043 1 1 0 0 PRESIDENT & CEO Common Stock 2023-01-03 4 F 0 25620 7.38 D 7452783 D Common Stock 2023-01-04 4 M 0 43651 A 7496434 D Common Stock 2023-01-04 4 F 0 17177 7.38 D 7479257 D Common Stock 2023-01-04 4 M 0 192307 A 7671564 D Common Stock 2023-01-04 4 D 0 192307 7.38 D 7479257 D Restricted Stock Units 2023-01-03 4 A 0 243902 0.00 A Common Stock 243902 243902 D Performance Share Units 2023-01-03 4 A 0 487804 0.00 A Common Stock 487804 487804 D Restricted Stock Units 2023-01-04 4 M 0 43651 0.00 D Common Stock 43651 43651 D Restricted Stock Units 2023-01-04 4 M 0 192307 0.00 D Common Stock 192307 384616 D These shares were forfeited to satisfy tax obligations related to the vesting of the pro rata portion of the reporting person's 2020 restricted stock award. Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner. Each Restricted Stock Unit ("2021 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 2021 RSUs on January 4, 2022. Forfeiture restrictions with respect to an additional one-third of the grant lapsed on January 4, 2023 and the remaining one-third of the grant will lapse on January 4, 2024. These shares were forfeited to satisfy tax obligations related to the vesting of the pro rata portion of the reporting person's 2021 RSUs. Each Restricted Stock Unit ("2022 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 2022 RSUs on January 4, 2023. Forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 4, 2024 and the remaining one-third of the grant on January 4, 2025. The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2022 RSUs for which forfeiture restrictions lapsed. This Restricted Stock Unit ("2023 RSU") award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2019, the "LTIP") and each 2023 RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions will lapse with respect to the 2023 RSUs granted on the basis of one-third of the grant on January 3, 2024, an additional one-third of the grant on January 3, 2025 and the remaining one-third of the grant on January 3, 2026. Upon each vesting, the Compensation Committee has the option to pay the value in cash at its discretion. Upon lapse of the forfeiture restrictions of the 2023 RSUs. This Performance Share Unit ("PSU") award was granted pursuant to the LTIP and each PSU represents the contingent right to receive one share of Company common stock. Actual number of PSUs upon vesting may range from 0% to 200% dependent on the Company's performance over a three-year period beginning January 1, 2023 and ending December 31, 2025. Upon vesting, the Compensation Committee has the option to pay the value in cash at its discretion. Amount reported is 200% of the number of PSUs granted and the maximum number that may be earned. Upon payment of the PSUs, which shall occur no later than March 15, 2026. Upon lapse of the forfeiture restrictions of the 2021 RSUs. Upon lapse of the forfeiture restrictions of the 2022 RSUs. Ken Neikirk by power of attorney 2023-01-04