Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 69

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 69
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 The 2022 PSU, 2023 PSU and 2024 PSU award agreements provide for vesting of 100% of the award upon the occurrence of a Change in Control based in equal parts by (a) the TSR calculation of Helix and the designated performance peer group and (b) Helix’s generation of Free Cash Flow, both over the adjusted performance period. These amounts are based upon the closing price of our common stock on December 31, 2024, which was $9.32 per share. As of December 31, 2024, Helix’s stock performance was at the 89thpercentile for the TSR portion of the 2022 award (which equates to 200%) and 200% of the Free Cash Flow portion; accordingly, the PSUs issued for 2022 would have been issued at approximately 200%. As of December 31, 2024, Helix’s stock performance was at the 74thpercentile for the TSR portion of the 2023 award (which equates to 174%) and 200% of the Free Cash Flow portion; accordingly, the PSUs issued for 2023 would have been issued at 187%. As of December 31, 2024, Helix’s stock performance was at the 58thpercentile for the TSR portion of the 2024 award (which equates to 111%) and 125% of the Free Cash Flow portion; accordingly, the PSUs issued for 2024 would have been issued at approximately 118%. The actual number of PSUs received in the event of a Change in Control will depend on Helix’s final performance through the date of the triggering event and the projections above are our estimates based on currently available information. |

Chief Executive Officer Pay Ratio Helix is a global company that as of December 31, 2024 employed 2,313 people. Helix’s compensation and benefits philosophy and the overall structure of our compensation and benefit programs are broadly similar across the organization to encourage and reward all employees who contribute to our success. We strive to make the compensation of every Helix employee reflective of the level of their contributions and responsibilities, and competitive within our benchmarking peer group. Helix’s ongoing commitment to pay equity is critical to our success in supporting a diverse workforce with opportunities for all employees to grow, develop and contribute. Under rules adopted pursuant to the Dodd-Frank Act of 2010, Helix calculates and discloses the total compensation paid to its