Kosmos Energy (KOS) director receives RSU grant and sells shares to cover tax
Rhea-AI Filing Summary
Director Roy A. Franklin reported a mix of equity compensation and tax-related share movements in Kosmos Energy Ltd. common stock. He received a grant of 62,044 shares on May 28, 2026 at a reference value of $2.74 per share, described as restricted share units under the company’s Long Term Incentive Plan and scheduled to vest fully on the earlier of May 28, 2027 or the day before the first annual shareholder meeting after the grant date.
To cover income tax obligations from the vesting of restricted share units, 976 shares were withheld by the company at $2.85 per share, and 43,466 shares were sold in an open-market transaction at $2.73 per share. After these transactions, Franklin directly owned 212,766 shares of Kosmos Energy common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 43,466 | $2.73 | $119K |
| Grant/Award | Common Stock | 62,044 | $2.74 | $170K |
| Exercise Price or Tax Liability | Common Stock | 976 | $2.85 | $3K |
Footnotes (3)
- F1. These shares were withheld by the Issuer to satisfy the tax withholding requirement arising from the vesting of restricted share units granted to the reporting person under the Issuer's Long Term Incentive Plan (the "Plan").
- F2. These shares were sold to partially cover income tax liability from the vesting of restricted share units granted to the reporting person under the Plan.
- F3. These restricted share units were granted under the Plan and are scheduled to vest 100% on the earlier of May 28, 2027 or the day immediately preceding the date of the Issuer's first annual shareholder meeting following the date of grant, subject to the terms of the Plan and the applicable award agreement issued thereunder.
Key Figures
Key Terms
Long Term Incentive Plan financial
tax withholding requirement financial
open-market sale financial
income tax liability financial
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