Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 73

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 73
---
(Footnotes continue on following page.)

| Helix Energy Solutions Group, Inc. |     | 2025 Proxy Statement |     | 69 |

TABLE OF CONTENTS Executive Compensation

| (3) | We do not have pensions; therefore an adjustment to the SCT totals related to pension values for any of the years reflected is not needed. |

| (4) | The Peer Group TSR in this table utilizes the Philadelphia Oil Service Sector index (the “OSX”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our 2024 Annual Report. The comparison assumes $100 was invested for the period beginning December 31, 2019 through the end of the listed year in the Company and the OSX, respectively. These results are not necessarily indicative of future performance. |

| (5) | Adjusted EBITDAis a non-GAAP financial measure. For a reconciliation of Adjusted EBITDA to reported net income (loss), see “Non-GAAP Financial Measures” on pages 36-37 of our 2024 Annual Report. |

Tabular List of Most Important Performance Measures The three items listed in the following table represent the most important metrics we used to determine CAP to our CEO and other NEOs for the fiscal year ended December 31, 2024 as further described in our Compensation Discussion & Analysis (“CD&A”) within the sections titled “2024 Executive Compensation Program” and “Long-Term Incentive Program”. The role of each of these performance measures is discussed in the CD&A. The measures in this table are not ranked.

| Most Important Performance Measures |     |                          |
| •                                   |     | Adjusted EBITDA          |
| •                                   |     | Total Shareholder Return |
| •                                   |     | Free Cash Flow           |

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company and Peer Group’s cumulative TSR over the five most recently completed fiscal years.

| 70 |     | 2025 Proxy Statement |     | Helix Energy Solutions Group, Inc. |

TABLE OF CONTENTS Executive Compensation The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our net income (loss) during the five most recently completed fiscal years. The following chart sets forth the relationship between Compensation Actually Paid to our PEO