Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 38

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 38
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-member performance peer group 
 ✔ Delivered195% Total Shareholder Return                
 ✔Generated acumulative $315 millionof Free Cash Flow    |

2024 Say on Pay Vote and Investor Outreach In 2024 we sought an advisory vote from our shareholders regarding our 2023 executive officer compensation and received a 95% favorable Say on Pay vote. Throughout 2024, we continued to engage with our investor base to cultivate those relationships and ensure investors’ concerns were heard. This engagement facilitates discussion of a variety of issues, and as reflected by the strong results of our Say on Pay vote regarding 2023 executive compensation, our executive compensation process continues to receive strong investor support. We take under advisement feedback from our investors, including any commentary with respect to executive compensation, and we will continue to engage with our shareholders on these matters.

| Helix’s 2023 executive officer compensation received a95% favorableSay on Pay vote. |

| Helix Energy Solutions Group, Inc. |     | 2025 Proxy Statement |     | 37 |

TABLE OF CONTENTS Compensation Discussion and Analysis

The design and execution of our 2024 executive compensation program demonstrate our compensation philosophy of supporting the alignment of executive management and shareholder interests. We remain committed to working hard for our shareholders in every type of market environment, managing through volatility and capitalizing on opportunities. We strive to:

| • | Focus on our strategy of maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields, and supporting renewable energy developments; |

| • | Prioritize safe operational execution and minimize operational downtime; |

| • | Grow and diversify our business, whether via entering new geographical regions, broadening our capabilities, or expanding our client base; |

| • | Maintain our disciplined capital structure, including debt management, liquidity requirements and returning value to our shareholders; |

| • | Deliver on our commitments to human capital resources, through candidate attraction, employee retention and talent management; and |

| • | Champion and communicate our strong Sustainability record, recognizing our important role as a steward of the people, communities and environments we serve. |

Compensation Philosophy, Objectives and Features Helix’s compensation program is based on the philosophy that our executive management team should be aligned with our shareholders, and that our executives should be incentivized and rewarded for performance that advances our business goals and the creation of sustainable value in all business cycles, leading to shareholder value creation. The following table summarizes the objectives of Helix’s executive compensation program and the particular