Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 80

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 80
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,000 shares of our common stock in the form of options, stock appreciation rights, restricted stock awards, restricted stock unit awards, cash awards and performance awards, all subject to the plan’s terms and conditions. Options to purchase shares of common stock are limited to 2,000,000 shares. The shareholders approved the ESPP in May 2012 and on May 15, 2019 approved amending and restating the ESPP to authorize the issuance of an additional 1,500,000 shares subject to the terms and conditions of the ESPP. |

| (2) | Represents the number of shares that would have been issued in respect of the 1,906,613 PSUs granted pursuant to the 2005 Long Term Incentive Plan in 2024, 2023 and 2022 that were outstanding on December 31, 2024, based on the stock price on that date and assuming vesting occurred on that date at a 200% multiple for 2022, a 187% multiple for 2023 and a 118% multiple for 2024. The PSUs granted in 2022, 2023 and 2024 are payable in either cash or shares upon vesting at the discretion of the Compensation Committee. As of December 31, 2024, the total number of full value awards outstanding under the 2005 Long Term Incentive Plan was 2,020,944 consisting of 114,331 restricted shares and the 1,906,613 PSUs. Subsequent to December 31, 2024, 1,065,705 PSUs vested at a 200% multiple and were paid in 1,958,334 shares of our common stock and $1,613,068 in cash. |

| (3) | As of December 31, 2024, 9,443,057 shares of common stock (of which a maximum can be options to purchase up to 2,000,000 shares of common stock) were available for future issuance under the 2005 Long Term Incentive Plan, and 962,347 shares were available under the ESPP. Shares purchased on December 31, 2024 by participating employees under the ESPP, but not issued until January 2025, are treated as issued shares for purposes of this table and therefore are not included in any amounts in the table. |

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