Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 61

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 61
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 upon vesting at the discretion of the Compensation Committee. |

| (2) | This is a time-vesting RSU award. The 2024, 2023 and 2022 awards vest ratably on an annual basis over a three-year period on each anniversary of the grant date and are payable in either cash or shares of our common stock upon vesting at the discretion of the Compensation Committee. |

| (3) | During the periods shown, the long-term incentive program was structured such that the awarded value of PSUs (on the one hand) and RSUs (on the other) was identical, based on the quoted closing market price of $10.28 per share of our common stock on December 31, 2023 for awards made in January 2024, $7.38 per share of our common stock on December 31, 2022 for awards made in January 2023 and $3.12 per share of our common stock on December 31, 2021 for awards made in January 2022. The amounts shown in this column, however, represent the grant date fair value of the PSU awards and RSU awards calculated in accordance with the provisions of FASB ASC Topic 718 (as opposed to the awarded value of the grant). While the awarded value and the FASB ASC Topic 718 determined value for restricted stock awards are the same, the values for PSU awards are different. |

| 58 |     | 2025 Proxy Statement |     | Helix Energy Solutions Group, Inc. |

TABLE OF CONTENTS Executive Compensation

Outstanding Equity Awards as of December 31, 2024 The following table includes certain information with respect to the value as of December 31, 2024 of all unvested restricted stock, RSU and PSU awards outstanding for each of our named executive officers.

| Name and Principal Position               |     | Stock Awards(1) |     |                       |     |                     |     |            |
| Number of                                 
 Shares or                                 
 Units of Stock                            
 That Have Not                             
 Vested(2)                                 |     |    Market Value 
    of Shares or 
  Units of Stock 
   That Have Not 
    Vested(3)(4) |     | Equity Incentive Plan 
     Awards: Number of 
      Unearned Shares, 
 Units or Other Rights 
         That Have Not 
             Vested(5) |     |    Equity Incentive 
 Plan Awards: Market