VAALCO Energy (NYSE: EGY) awards CAO 19,935 restricted shares

Rhea-AI Filing Summary

Willis Lynn reported acquisition or exercise transactions in this Form 4 filing.

VAALCO Energy granted Chief Accounting Officer Lynn Willis 19,935 shares of restricted common stock under the company’s 2020 Long Term Incentive Plan. The award was made at no cash cost and vests in three equal annual installments beginning on the first anniversary of the grant date.

Following this grant, Willis directly holds 67,134 shares of VAALCO Energy common stock, aligning a greater portion of his compensation with the company’s future share performance over the multi-year vesting period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Willis Lynn

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	19,935	$0.00	--

Holdings After Transaction: Common Stock — 67,134 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 19,935 shares Grant price: $0.00 per share Post-grant holdings: 67,134 shares +1 more

4 metrics

Restricted stock grant 19,935 shares Common stock award to Chief Accounting Officer on June 4, 2026

Grant price $0.00 per share Equity compensation, not a market purchase

Post-grant holdings 67,134 shares Total common shares directly held by Lynn Willis after grant

Vesting schedule Three equal annual installments Beginning on first anniversary of grant date under 2020 LTIP

Key Terms

restricted stock, Long Term Incentive Plan, vest

3 terms

restricted stock financial

"Represents shares of restricted stock granted to the reporting person"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Long Term Incentive Plan financial

"granted ... pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan"

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

vest financial

"The shares vest in three equal annual installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Willis Lynn

(Last) (First) (Middle)

2500 CITYWEST BLVD.,

SUITE 400

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VAALCO ENERGY INC /DE/ [ EGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/04/2026		A		19,935(1)	A	$0.00	67,134	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan"). The shares vest in three equal annual installments beginning on the first anniversary of the date of grant.

	/s/ Lynn Willis by Matthew Powers as attorney-in-fact	06/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did VAALCO Energy (EGY) report for Lynn Willis?

VAALCO Energy reported that Chief Accounting Officer Lynn Willis received a grant of 19,935 shares of restricted common stock. The shares were awarded under the company’s 2020 Long Term Incentive Plan as equity compensation rather than a cash transaction.

How many VAALCO Energy (EGY) shares does Lynn Willis hold after this grant?

After the restricted stock grant, Lynn Willis directly holds 67,134 shares of VAALCO Energy common stock. This figure reflects his updated ownership position following the award reported in the Form 4 insider transaction filing.

What are the vesting terms of Lynn Willis’s restricted stock from VAALCO Energy (EGY)?

The 19,935 restricted shares granted to Lynn Willis vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, spreading the benefit over a three-year period tied to continued service with VAALCO Energy.

Was cash paid for Lynn Willis’s VAALCO Energy (EGY) restricted stock grant?

No cash was paid for this grant; the transaction price per share is recorded as 0.0000. The award represents equity-based compensation issued under VAALCO Energy’s 2020 Long Term Incentive Plan instead of a market purchase.

Under which plan did VAALCO Energy (EGY) grant restricted stock to Lynn Willis?

The restricted stock granted to Lynn Willis was issued under the VAALCO Energy, Inc. 2020 Long Term Incentive Plan. This plan is used by the company to provide equity-based compensation that aligns executives’ interests with shareholders over time.