VAALCO COO covers taxes with 8,481 shares
VAALCO Energy's Chief Operating Officer Thor Pruckl reported two tax-related share dispositions in company stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,575 | $5.53 | $31K |
| Exercise Price or Tax Liability | Common Stock | 2,906 | $5.53 | $16K |
Footnotes (1)
- F1. Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.
Key Figures
Key Terms
restricted stock financial
tax withholding obligations financial
Form 4 regulatory
Chief Operating Officer financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did VAALCO Energy (EGY) COO Thor Pruckl report in this Form 4?
Were the VAALCO Energy (EGY) COO’s Form 4 transactions open-market sales?
What does transaction code F mean in the VAALCO Energy (EGY) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.