Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 48

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 48
---
 units awarded, with a threshold payment (representing performance at the 25th percentile of our 2024 Performance Peer Group and failure to generate the minimum Free Cash Flow benchmark) of approximately 1.6%, and the maximum payout that may be achieved is 200%. For 2024 the Compensation Committee again established a Performance Peer Group, separate from our Benchmarking Peer Group, to measure Helix’s comparative TSR performance under the 2024 PSU awards. The 2024 Performance Peer Group was established using a defined and consistent methodology, beginning with the 2024 Benchmarking Peer Group, eliminating companies that subsequently filed for bankruptcy or were acquired, and then adding those most prevalent “peers of peers” from the performance peer groups utilized by the 2024 Benchmarking Peer Group. In creating the 2024 Performance Peer Group the Compensation Committee again followed an unbiased and repeatable approach to establish a large group of companies against which the Company competes for investment dollars.

| Helix Energy Solutions Group, Inc. |     | 2025 Proxy Statement |     | 47 |

TABLE OF CONTENTS Compensation Discussion and Analysis

Accordingly, the 2024 Performance Peer Group was as follows:

| 2024 Performance Peer Group              |
| Archrock, Inc.(1)(2)(3)                  |
| ChampionX Corporation(1)(2)(3)           |
| Core Laboratories N.V.(1)(2)(3)          |
| DMC Global Inc.                          |
| Dril-Quip, Inc.(1)(2)(3)                 |
| Expro Group Holdings N.V.(1)             |
| Forum Energy Technologies, Inc.(1)(2)(3) |
| Helmerich & Payne, Inc.(1)(2)(3)         |
| Newpark Resources, Inc.(1)(2)(3)         |
| Nine Energy Service, Inc.                |
| NOW Inc.                                 |
| Oceaneering International, Inc.(1)(2)(3) |
| Oil States International, Inc.(1)(2)(3)  |
| Precision Drilling Corporation(1)        |
| ProPetro Holding Corp.(1)(2)             |
| RPC, Inc.(1)(2)(3)                       |
| Select Water Solutions, Inc.(1)(2)       |
| TETRA Technologies, Inc.(1)(2)(3)        |
| Tidewater, Inc.(1)(2)                    |
| U.S. Silica Holdings, Inc.               |

|