Helix Energy Solutions Group (HLX) CEO Kratz acquired 490,385 shares
Stocks in this Quantisnow insightEnergy
Insider transactions reported
Owen E Kratz (President & CEO at Helix Energy Solutions Group Inc., HLX) reported that they acquired 490,385 shares, and gave up 192,967 shares at $9.32 to cover taxes or an exercise price on Feb 27, 2025. After these transactions the filing shows 7,766,696 shares held directly.
- Reporting person
- Kratz Owen E
- Role
- PRESIDENT & CEO
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 27, 2025 | Exercise or conversion of a derivative (M) | Common Stock1, 2 | +490,385 | - | - | 7,959,663 direct |
| Feb 27, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock2, 3 | -192,967 | $9.32 | $1.8M | 7,766,696 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 27, 2025 | Exercise or conversion of a derivative (M) | Performance Share UnitsOn 576,923 Common Stock1 | -576,923 | - | - | 0 direct |
Holdings before and after
- Common Stock: 7,469,278 to 7,766,696 direct
- Performance Share Units: 576,923 to 0 direct
Footnotes from the filing
- 1. Each Performance Share Unit ( 2022 PSU ) was granted on January 4, 2022 pursuant to the Company's 2005 Long-Term Incentive Plan (as amended, the LTIP ) and represented the contingent right to receive one share of Company common stock subject to the terms of the LTIP and the 2022 PSU Award Agreement. Actual number of shares upon vesting could have ranged from 0-200% dependent in equal parts on the Company's total shareholder return performance compared to a selected peer group and the generation of free cash flow ( FCF ) compared to benchmarks over the three-year period beginning January 1, 2022 and ended December 31, 2024. The Company generated cumulative FCF during the performance period exceeding the highest benchmark threshold under the 2022 PSU Award Agreement which resulted in a 200% payout for the FCF portion and are settled hereby. The Compensation Committee of the Company's Board of Directors elected to pay in cash the value of a portion of the 2022 PSUs which vested.
- 2. 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.
- 3. These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2022 PSUs.
Transaction codes in this filing
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Kratz report in this HLX Form 4?
Owen E Kratz (President & CEO at Helix Energy Solutions Group Inc., HLX) reported that they acquired 490,385 shares, and gave up 192,967 shares at $9.32 to cover taxes or an exercise price on Feb 27, 2025. After these transactions the filing shows 7,766,696 shares held directly.
How many HLX shares does Kratz hold after this filing?
The filing shows 7,766,696 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code M mean on an SEC Form 4?
Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
Historical context for HLX
Earlier insider filings at HLX
- Mar 3, 2025EVP & COO Sparks Scott Andrew converted options into 188,301 shares and covered exercise/tax liability with 74,097 shares, increasing direct ownership by 50% to 341,042 units (SEC Form 4)
- Mar 3, 2025EVP & CFO Staffeldt Erik converted options into 172,276 shares and covered exercise/tax liability with 67,791 shares, increasing direct ownership by 19% to 659,969 units (SEC Form 4)
- Mar 3, 2025EVP, GEN COUNSEL & SECRETARY Neikirk Kenneth English converted options into 128,205 shares and covered exercise/tax liability with 50,449 shares, increasing direct ownership by 43% to 260,061 units (SEC Form 4)
- Jan 15, 2025EVP & CFO Staffeldt Erik converted options into 172,276 shares and returned $631,812 worth of shares to the company (67,791 units at $9.32), increasing direct ownership by 23% to 555,484 units (SEC Form 4)
- Jan 15, 2025EVP & COO Sparks Scott Andrew converted options into 188,301 shares and returned $690,584 worth of shares to the company (74,097 units at $9.32), increasing direct ownership by 101% to 226,838 units (SEC Form 4)
Quantisnow market dataNYSE
HLX
Helix Energy Solutions Group Inc.
- Market cap
- 30-day
- Sector
- Energy
- Industry
- Oilfield Services/Equipment
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