VAALCO Energy (EGY) CAO has 2,586 shares withheld for tax on RSU vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VAALCO Energy’s Chief Accounting Officer Lynn Willis reported a routine tax-related share disposition. On the vesting of restricted stock, 2,586 shares of common stock were withheld by the company at $5.29 per share to satisfy tax withholding obligations.
These shares were not sold on the open market but retained by the issuer for taxes. After this withholding, Willis directly owns 64,548 shares of VAALCO Energy common stock, indicating she continues to hold a substantial equity position following the vesting event.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Willis Lynn
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,586 | $5.29 | $14K |
Holdings After Transaction:
Common Stock — 64,548 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,586 shares
Withholding price: $5.29 per share
Shares owned after transaction: 64,548 shares
3 metrics
Shares withheld for taxes
2,586 shares
Tax withholding on restricted stock vesting
Withholding price
$5.29 per share
Value used for tax-withholding disposition
Shares owned after transaction
64,548 shares
Direct holdings after tax withholding
Key Terms
restricted stock, tax withholding obligations, tax-withholding disposition, Common Stock, +1 more
5 terms
restricted stock financial
"Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock."
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.
tax withholding obligations financial
"Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did VAALCO Energy (EGY) disclose for Lynn Willis?
VAALCO Energy reported that Chief Accounting Officer Lynn Willis had 2,586 shares of common stock withheld to cover taxes upon restricted stock vesting. This is a tax-withholding disposition, not an open-market sale, and reflects standard equity compensation mechanics.
What does transaction code "F" mean in the VAALCO Energy (EGY) Form 4?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this VAALCO Energy filing, it means shares from restricted stock vesting were withheld to cover Lynn Willis’s tax withholding obligations, not sold into the public market.