Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 34

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 34
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 NEOs at competitive market levels, with an opportunity to earn greater overall compensation if warranted by our performance; |

| • | Maintain a short-term incentive (“STI”) program based on both stretch Adjusted EBITDA goals and a balanced scorecard of Sustainability metrics; |

| • | Approve a long-term incentive program tied to the performance of our common stock and other financial metrics; |

| • | Measure performance share unit (“PSU”) award payouts based on our stock performance as compared to a performance peer group established using a defined and consistent methodology, as well as our ability to generate cash; and |

| • | Consider the outcome of our Say on Pay votes and our shareholders’ views when making future compensation decisions for our NEOs. |

The Compensation Committee and management believe that the Company’s 2024 executive compensation:

| • | Appropriately reflects Helix’s financial performance for the year as well as for longer-term value creation; |

| • | Demonstrates alignment of our NEOs’ interests with those of our shareholders; |

| • | Includes an appropriate overall mix of short- and long-term incentives designed to enhance shareholder value; |

| • | Advances Helix’s mission and business strategy; and |

| • | Helps attract, motivate and retain the key talent needed to deliver Helix’s long-term success. |

Recommendation

| For these reasons, the Board recommends that shareholders vote to approve the 2024 compensation of Helix’s NEOs. |

| 34 |     | 2025 Proxy Statement |     | Helix Energy Solutions Group, Inc. |

TABLE OF CONTENTS Compensation Discussion and Analysis

Company Overview and 2024 Highlights Helix and Industry Overview Helix is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields, and supporting renewable energy developments. We provide a range of services to the oil and gas and renewable energy markets primarily in the U.S. Gulf Coast (deepwater and shelf), U.S. East Coast, Brazil, North Sea, Asia Pacific and West Africa regions. Demand for our services is primarily influenced by the condition of the oil and gas and the renewable energy markets and, in particular, the level of spending of offshore energy companies on operational activities and capital projects. The performance of our business is largely affected by the prevailing market prices