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  4. [Form 4] VAALCO ENERGY INC /DE/ Insider Trading Activity

VAALCO Energy (EGY) EVP receives time- and performance-based stock grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

POWERS MATTHEW R reported acquisition or exercise transactions in this Form 4 filing.

VAALCO Energy executive Matthew R. Powers reported stock-based compensation awards. He received two grants of common stock on June 4, 2026: 25,893 shares of restricted stock that vest in three equal annual installments starting one year after grant, and 18,484 shares of restricted stock that vest over three years based on stock price appreciation hurdles of 10.0%, 15.0%, and 20.0% using a 30-day average price. Following these awards, he holds 220,201 shares of VAALCO Energy common stock directly.

Positive

  • None.

Negative

  • None.
Insider POWERS MATTHEW R
Role EVP, Gen. Counsel & Corp. Sect
Type Security Shares Price Value
Grant/Award Common Stock 18,484 $0.00 --
Grant/Award Common Stock 25,893 $0.00 --
Holdings After Transaction: Common Stock — 220,201 shares (Direct, null)
Footnotes (1)
  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. Represents shares of restricted stock granted to the reporting person pursuant to the Plan. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%, respectively, using a 30-day average stock price from the stock price on the date of the grant.
Restricted stock grant 1 25,893 shares Time-based vesting over three years starting one year after grant
Restricted stock grant 2 18,484 shares Performance-based vesting tied to stock price appreciation hurdles
Grant price per share $0.00 per share Stock-based compensation, not open-market purchases
Shares owned after transactions 220,201 shares Direct ownership following reported grants
Stock price hurdle 1 10.0% appreciation First performance tier using 30-day average stock price
Stock price hurdle 2 15.0% appreciation Second performance tier for vesting
Stock price hurdle 3 20.0% appreciation Third performance tier for vesting
restricted stock financial
"Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan"
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.
2020 Long Term Incentive Plan financial
"granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan")"
stock price appreciation financial
"based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%"
30-day average stock price financial
"using a 30-day average stock price from the stock price on the date of the grant"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
POWERS MATTHEW R
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Gen. Counsel & Corp. Sect
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/04/2026A18,484(1)A$0.00220,201D
Common Stock06/04/2026A25,893(2)A$0.00246,094D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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.
2. Represents shares of restricted stock granted to the reporting person pursuant to the Plan. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%, respectively, using a 30-day average stock price from the stock price on the date of the grant.
/s/ Matthew Powers06/08/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did VAALCO Energy (EGY) executive Matthew R. Powers report on this Form 4?

He reported receiving two grants of VAALCO Energy common stock as compensation. The awards were made under the company’s 2020 Long Term Incentive Plan and increase his direct equity stake, aligning him further with shareholder interests through time- and performance-based vesting.

How many VAALCO Energy (EGY) shares were granted to Matthew R. Powers?

He was granted 25,893 shares of restricted stock and an additional 18,484 shares of restricted stock. Both grants were reported at a price of $0.00 per share, reflecting stock-based compensation rather than open-market purchases using personal cash.

How do the new restricted stock awards for EGY’s EVP vest over time?

One grant of 25,893 restricted shares vests in three equal annual installments starting one year after the grant date. The second grant of 18,484 restricted shares also vests in three annual installments, but only if specified stock price appreciation hurdles are met each year.

What performance conditions apply to one of the VAALCO Energy (EGY) stock grants?

The 18,484-share restricted stock grant vests based on stock price appreciation hurdles of 10.0%, 15.0%, and 20.0%. These hurdles are measured using a 30-day average stock price starting from the stock price on the grant date for each vesting installment.

What is Matthew R. Powers’ VAALCO Energy (EGY) shareholding after these grants?

After the reported grants, he directly owns 220,201 shares of VAALCO Energy common stock. This figure reflects his updated position as an executive officer following the stock-based compensation awards reported in this Form 4 filing.

Under which plan were the VAALCO Energy (EGY) restricted stock awards granted?

The restricted stock awards were granted under the VAALCO Energy, Inc. 2020 Long Term Incentive Plan. This plan is designed to deliver equity-based compensation that vests over time and, in some cases, depends on achieving specified stock price performance targets.