Company: HLX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011655
Chunk: 55

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 55
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 of measuring the Company’s performance in connection with long-term incentive-based compensation. Long-term incentives for our executive officers in 2025 are again awarded in PSUs and RSUs, both payable in either stock, cash or a combination thereof in the discretion of the Compensation Committee, and all subject to the terms and conditions of our Plan. PSU award agreements entered into in 2025 again include a meaningful Free Cash Flow performance metric equally weighted with the relative TSR metric, in order to continue to emphasize the importance of Free Cash Flow in assessing the Company’s overall performance. The Compensation Committee believes these program features continue to be appropriate in the current environment and continue to align the interests of our executive management and our shareholders. Commitment In overseeing and evaluating Helix’s compensation programs, the Compensation Committee will continue to adapt based on business and financial results that are in the best interests of our shareholders. We remain committed to, and will continue to uphold, our core values in 2025 and beyond. Compensation Committee Report The Compensation Committee of the Board of Directors has reviewed and discussed the above Compensation Discussion and Analysis with management. Based on this review and discussion, the Compensation Committee recommended to the Board that this Compensation Discussion and Analysis be included in this proxy statement. The Compensation Committee: John V. Lovoi, Chair Paula Harris T. Mitch Little

| 52 |     | 2025 Proxy Statement |     | Helix Energy Solutions Group, Inc. |

TABLE OF CONTENTS

Executive Officers The executive officers of Helix are as follows:

| Name           |     | Age |     | Principal Position                                                |
| Owen Kratz     |     | ​70 |     | President and Chief Executive Officer                             |
| Scotty Sparks  |     | ​51 |     | Executive Vice President and Chief Operating Officer              |
| Erik Staffeldt |     | ​53 |     | Executive Vice President and Chief Financial Officer              |
| Ken Neikirk    |     | ​50 |     | Executive Vice President, General Counsel and Corporate Secretary |

| President and Chief 
 Executive Officer   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     | OwenKratz |
|                     | Owen Kratz is President and Chief Executive Officer of Helix. He was named Executive Chairman in October 2006 and served in that capacity until February 2008 when he resumed the position of President and Chief Executive Officer. He served as Helix’s Chief Executive Officer from April 1997 until October 2006. Mr. Kratz served as President