VAALCO Energy (EGY) director granted 23,173 restricted shares of common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stubbs Catherine L reported acquisition or exercise transactions in this Form 4 filing.
VAALCO Energy director Catherine L. Stubbs received a grant of 23,173 shares of restricted common stock as compensation. The shares were granted on June 4, 2026, at no cash cost to her and increase her direct holdings to 198,567 common shares.
All of the restricted shares vest on the earlier of the first anniversary of June 4, 2026 or the first annual meeting of stockholders following that date, but not less than fifty weeks after the grant. Vesting requires that she remain an outside director continuously through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stubbs Catherine L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,173 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 198,567 shares (Direct, null)
Footnotes (1)
- Represents shares of restricted stock of VAALCO Energy, Inc. (the "Issuer") granted to the reporting person on June 4, 2026 (the "Grant Date"). All of the shares vest on the earlier of (i) the first anniversary of the Grant Date or (ii) the first annual meeting of stockholders of the Issuer following the Grant Date (but, in either case, not less than fifty (50) weeks following the Grant Date); provided, that the reporting person is then, and continuously from the Grant Date has been, an outside director of the Issuer and has not been terminated from service from the Issuer's board of directors on such vesting date. The reporting person also owns a fraction of a share of common stock equal to 0.445 of a share of common stock.
Key Figures
Restricted stock grant: 23,173 shares
Grant price: $0.0000 per share
Holdings after grant: 198,567 shares
+1 more
4 metrics
Restricted stock grant
23,173 shares
Common stock awarded on June 4, 2026
Grant price
$0.0000 per share
Equity compensation, no cash paid by director
Holdings after grant
198,567 shares
Total direct common stock owned following the award
Fractional share interest
0.445 share
Additional fractional common share disclosed in footnote
Key Terms
restricted stock, Grant Date, first annual meeting of stockholders, outside director
4 terms
restricted stock financial
"Represents shares of restricted stock of VAALCO Energy, Inc. 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.
Grant Date financial
"granted to the reporting person on June 4, 2026 (the "Grant Date")"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
first annual meeting of stockholders financial
"the earlier of (i) the first anniversary of the Grant Date or (ii) the first annual meeting of stockholders"
outside director financial
"provided, that the reporting person is then, and continuously from the Grant Date has been, an outside director"
FAQ
What insider transaction did VAALCO Energy (EGY) report for Catherine L. Stubbs?
VAALCO Energy reported that director Catherine L. Stubbs received 23,173 shares of restricted common stock. The grant is a compensation award, not an open-market purchase, and was made at no cash cost to her on June 4, 2026.
What conditions must be met for Catherine L. Stubbs’ VAALCO (EGY) restricted stock to vest?
Vesting requires Stubbs to be, and remain continuously from grant, an outside director of VAALCO Energy. She must not have been terminated from service on the board as of the vesting date for the restricted shares to vest.