VAALCO CEO shares withheld for tax on RSU vesting

VAALCO Energy Chief Executive Officer George W.M.

Accepted by SEC EDGAR 06/09/2026 - 06:29 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

VAALCO Energy Chief Executive Officer George W.M. Maxwell reported a routine share disposition related to taxes. On June 5, 2026, 100,540 shares of common stock were withheld at $5.29 per share to satisfy tax withholding obligations upon vesting of restricted stock. After this non-market tax-withholding event, Maxwell directly holds 1,188,076 shares of VAALCO Energy common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 100,540 shares

Exercise Price or Tax Liability 1 txn

Insider Maxwell George W.M.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	100,540	$5.29	$532K

Holdings After Transaction: Common Stock — 1,188,076 shares (Direct)

Footnotes (1)

1. F1. Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.

Key Figures

Shares withheld for taxes: 100,540 shares Implied share value: $5.29 per share Shares held after transaction: 1,188,076 shares +1 more

4 metrics

Shares withheld for taxes 100,540 shares Withheld on June 5, 2026 for tax obligations on restricted stock vesting

Implied share value $5.29 per share Value used for the 100,540 withheld shares

Shares held after transaction 1,188,076 shares CEO George W.M. Maxwell’s direct holdings after tax withholding

Tax-withholding share count 100,540 shares Reported as taxWithholdingShares in transaction summary

Key Terms

tax withholding obligations, restricted stock, Form 4, Chief Executive Officer

4 terms

tax withholding obligations financial

"Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock."

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.

Form 4 regulatory

"The VAALCO Energy CEO’s Form 4 reports a tax-related disposition, not an open-market sale."

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 Executive Officer financial

"VAALCO Energy Chief Executive Officer George W.M. Maxwell reported a routine share disposition related to taxes."

A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did VAALCO Energy (EGY) report for its CEO?

VAALCO Energy CEO George W.M. Maxwell reported a tax-related share disposition. On June 5, 2026, 100,540 common shares were withheld to cover tax obligations upon restricted stock vesting, rather than sold in the open market.

How many VAALCO Energy (EGY) shares were withheld for taxes in this Form 4?

The filing shows 100,540 VAALCO Energy common shares were withheld. The shares were used to satisfy tax withholding obligations triggered by the vesting of restricted stock awarded to CEO George W.M. Maxwell.

At what price were the withheld VAALCO Energy (EGY) shares valued?

The withheld shares were valued at $5.29 per share. This value applies to the 100,540 common shares used to cover tax withholding obligations when George W.M. Maxwell’s restricted stock vested.

How many VAALCO Energy (EGY) shares does the CEO hold after this tax withholding?

After the tax withholding transaction, CEO George W.M. Maxwell directly holds 1,188,076 shares of VAALCO Energy common stock. This figure reflects his position following the 100,540-share withholding for tax obligations.

Was the VAALCO Energy (EGY) CEO’s Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The Form 4 and its footnote state that 100,540 shares were withheld solely to satisfy tax withholding obligations upon vesting of restricted stock, a common non-market event.

What does transaction code F mean in the VAALCO Energy (EGY) Form 4?

Transaction code F indicates a disposition to pay taxes or exercise costs. Here, it shows 100,540 shares were delivered to cover tax withholding obligations when George W.M. Maxwell’s restricted stock vested, rather than being voluntarily sold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Maxwell George W.M.

(Last) (First) (Middle)

2500 CITYWEST BLVD.,

SUITE 400

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VAALCO ENERGY INC /DE/ [ EGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/05/2026		F		100,540(1)	D	$5.29	1,188,076	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.

	/s/ George Maxwell by Matthew Powers as attorney-in-fact	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)