Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 41

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 41
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ing compensation within our industry. The Compensation Committee will continue to review and monitor the Benchmarking Peer Group on an annual basis and select peers based on appropriate screening criteria, metrics and competition for executive talent.

| 42 |     | 2025 Proxy Statement |     | Helix Energy Solutions Group, Inc. |

TABLE OF CONTENTS Compensation Discussion and Analysis

Aligning Compensation with Company Performance With the cyclicality of our industry and given our commitment to creating long-term value for our shareholders, the majority of our compensation program is performance-based and at-risk. Our program is designed to incentivize and reward our executives for achieving stretch financial performance goals and outperforming our industry peers. Although our compensation program is focused on longer-term performance, the realized compensation of our NEOs is designed also to reflect performance based on annual goals. The “Compensation of CEO Relative to Stock Price and EBITDA” chart below (the “CEO Compensation Chart”) compares the target and realized compensation of our President and Chief Executive Officer (our “CEO”), Helix’s Adjusted EBITDA, and Helix’s stock price for the years 2020 through 2024. Target compensation includes base salary, STI target, and grant date value of long-term incentive awards in each respective year. The realized compensation for our CEO from 2020 through 2024 includes base salary paid in such year, STI paid in respect of such year, and the value of the payout of long-term incentive compensation that vested immediately following the relevant performance period. Compensation (1)of CEO Relative to Stock Price and EBITDA

| (1) | The realized compensation levels shown include base salary paid in each year, STI paid in respect of each year, and payout of long-term incentive compensation that vested after each year (i.e., the value at the time of vesting of RSUs and cliff-vesting PSUs that vested immediately after the year in question). |

| (2) | With respect to realized amounts, value of PSU payout, as determined by our three-year performance including as compared to that of our peer group companies (as set forth in the applicable PSU award agreement) and, beginning in 2021, our generation of Free Cash Flow compared to a pre-established benchmark, in each case vesting immediately after the applicable year. |

| (3) | With respect to realized amounts, value of time-vesting RSUs vesting immediately after the applicable year. |

| (4) | Represents stock price during the five-year period