VAALCO Energy (EGY) director receives 23,173 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FAWTHROP ANDREW LAWRENCE reported acquisition or exercise transactions in this Form 4 filing.
VAALCO Energy director Andrew Lawrence Fawthrop received a grant of 23,173 shares of restricted common stock on June 4, 2026. All shares vest on the earlier of the first anniversary of the grant or the first annual stockholder meeting at least fifty weeks later, assuming he continues serving as an outside director. Following this award, he directly holds 527,001 shares of VAALCO Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FAWTHROP ANDREW LAWRENCE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,173 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 527,001 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 23,173 shares
Holding after transaction: 527,001 shares
Grant price: $0.0000 per share
+2 more
5 metrics
Restricted stock grant
23,173 shares
Grant to director on June 4, 2026
Holding after transaction
527,001 shares
Direct ownership following grant
Grant price
$0.0000 per share
Equity compensation, no cash paid
Minimum vesting period
50 weeks
Minimum time from Grant Date before vesting
Grant Date
June 4, 2026
Date restricted stock was awarded
Key Terms
restricted stock, Grant Date, outside director, vest
4 terms
restricted stock financial
"Represents shares of restricted stock of VAALCO Energy, Inc."
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.
outside director financial
"provided, that the reporting person is then, and continuously from the Grant Date has been, an outside director"
vest financial
"All of the shares vest on the earlier of (i) the first anniversary of the Grant Date"
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.
FAQ
What insider transaction did VAALCO Energy (EGY) report for Andrew Fawthrop?
VAALCO Energy reported that director Andrew Lawrence Fawthrop received a grant of 23,173 shares of restricted common stock. The award is part of his director compensation and vests after roughly one year or at the next annual stockholder meeting, subject to continued board service.
Was cash paid for Andrew Fawthrop’s VAALCO Energy (EGY) restricted stock grant?
No cash was paid for the restricted stock grant, as indicated by the reported transaction price of $0.0000 per share. The 23,173 restricted shares were granted as equity compensation to Andrew Fawthrop in his capacity as a director of VAALCO Energy.
Is Andrew Fawthrop’s VAALCO Energy (EGY) transaction a market purchase or sale?
The filing shows an acquisition coded as a grant or award, not a market purchase or sale. Andrew Fawthrop received 23,173 restricted shares as director compensation, with vesting tied to his continued service on VAALCO Energy’s board rather than open-market trading activity.