Director at Talos Energy (NYSE: TALO) awarded 14,018 RSUs vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sherrill Richard reported acquisition or exercise transactions in this Form 4 filing.
TALOS ENERGY INC. director Richard Sherrill received a grant of 14,018 restricted stock units on March 5, 2026 under the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan. These RSUs give him a contingent right to receive 60% of the award in common shares and 40% in cash if no election was made to receive 100% in shares.
The RSUs will vest on March 5, 2027, provided he continues in service through that date. The vested shares and/or cash will be delivered either on the vesting date or on a deferral date chosen in his prior election, if any.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sherrill Richard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,018 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 14,018 shares (Direct)
Footnotes (1)
- The restricted stock units ("RSUs") were granted pursuant to the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan and represent a contingent right to receive 60% of such RSUs in shares of common stock, par value $0.01 per share ("Shares") of Talos Energy Inc. and 40% of such RSUs in cash if no settlement election was made to receive 100% in Shares. The RSUs will vest, contingent upon continued service, on March 5, 2027. Vested Shares and/or cash will be delivered to the reporting person on the date provided in such person's deferral election or the vesting date if no such election was made.
FAQ
What did director Richard Sherrill receive in this Talos Energy (TALO) Form 4 filing?
Director Richard Sherrill received a grant of 14,018 restricted stock units. The award was made under the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan as a compensation grant, not an open-market share purchase.
How will Richard Sherrill’s 14,018 Talos Energy (TALO) RSUs be settled?
The 14,018 RSUs represent a contingent right to receive 60% in Talos Energy common shares and 40% in cash. If no settlement election was made, this stock-and-cash mix applies instead of receiving 100% of the award in shares.
When do Richard Sherrill’s Talos Energy (TALO) RSUs vest?
The RSUs vest on March 5, 2027, contingent on continued service. If he remains in his role through that date, the units become payable in shares and/or cash according to the plan’s settlement mechanics and any prior deferral election.
Are Richard Sherrill’s Talos Energy (TALO) RSUs an open-market stock purchase?
No, the 14,018 restricted stock units are a compensation grant, not an open-market purchase. They were awarded at a stated price of $0.00 per unit under Talos Energy’s 2021 Long Term Incentive Plan, subject to future vesting conditions.