VAALCO Energy (EGY) COO uses 8,481 shares to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VAALCO Energy's Chief Operating Officer Thor Pruckl reported two tax-related share dispositions in company stock. A total of 8,481 shares of common stock were withheld at $5.53 per share to cover tax obligations when restricted stock vested. These are not open-market sales but an automatic mechanism to satisfy taxes. After these transactions, Pruckl continues to hold over 500,000 VAALCO shares directly, indicating the moves are routine relative to his overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pruckl Thor
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,575 | $5.53 | $31K |
| Tax Withholding | Common Stock | 2,906 | $5.53 | $16K |
Holdings After Transaction:
Common Stock — 510,580 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withheld shares: 8,481 shares
Per-share tax value: $5.53 per share
First withholding block: 2,906 shares
+3 more
6 metrics
Tax-withheld shares
8,481 shares
Common stock withheld to satisfy tax obligations
Per-share tax value
$5.53 per share
Value used for tax-withholding dispositions
First withholding block
2,906 shares
Common stock withheld on tax transaction F, same date
Second withholding block
5,575 shares
Common stock withheld on second F-coded transaction
Post-transaction holdings (line 1)
507,674 shares
Common stock held directly after first tax-withholding entry
Post-transaction holdings (line 2)
510,580 shares
Common stock held directly after second tax-withholding entry
Key Terms
restricted stock, tax withholding obligations, Form 4, Chief Operating Officer
4 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."
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.
Chief Operating Officer financial
"officer_title": "Chief Operating Officer""
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
FAQ
What did VAALCO Energy (EGY) COO Thor Pruckl report in this Form 4?
Thor Pruckl reported tax-related dispositions of VAALCO Energy common stock. A total of 8,481 shares were withheld by the company to cover tax obligations when his restricted stock vested, rather than being sold in the open market.
Were the VAALCO Energy (EGY) COO’s Form 4 transactions open-market sales?
No, the transactions were not open-market sales. Both entries were coded as F, meaning shares were withheld by the issuer to pay tax liabilities triggered when restricted stock vested, a routine administrative process rather than discretionary selling.
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 filing, it means shares of common stock were withheld to satisfy tax withholding obligations upon vesting of restricted stock, rather than being sold voluntarily.