VAALCO Energy (NYSE: EGY) CAO uses 1,356 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VAALCO Energy's Chief Accounting Officer reports routine tax withholding. Lynn Willis had 1,356 shares of VAALCO Energy common stock withheld at $5.53 per share to cover tax obligations when restricted stock vested. After this non-market transaction, Willis directly holds 63,192 shares of common stock.
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 | 1,356 | $5.53 | $7K |
Holdings After Transaction:
Common Stock — 63,192 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,356 shares
Price per share: $5.53 per share
Shares held after transaction: 63,192 shares
3 metrics
Shares withheld for taxes
1,356 shares
Tax-withholding disposition on common stock
Price per share
$5.53 per share
Value used for tax-withholding shares
Shares held after transaction
63,192 shares
Direct common stock holdings following Form 4 event
Key Terms
restricted stock, tax withholding obligations, Payment of exercise price or tax liability by delivering securities
3 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."
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transaction did VAALCO Energy (EGY) report for Lynn Willis?
VAALCO Energy reported that Chief Accounting Officer Lynn Willis had 1,356 common shares withheld to cover tax obligations upon restricted stock vesting. This was a tax-withholding disposition, not an open-market sale or purchase of additional shares.
Was the VAALCO Energy (EGY) Form 4 transaction an open-market sale or a tax event?
The transaction was a tax event, not an open-market trade. Shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock, classified with code F, which indicates payment of tax liability by delivering securities.
What does transaction code F mean in the VAALCO Energy (EGY) Form 4?
Transaction code F on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,356 shares were withheld from Lynn Willis to cover tax obligations when restricted stock awards vested.