Talos Energy (TALO) executive receives 70,093 RSUs, 8,288 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talos Energy executive John B. Spath reported equity-related transactions. He received a grant of 70,093 restricted stock units under the 2021 Long Term Incentive Plan, vesting in three equal installments on March 5 of 2027, 2028 and 2029. To cover tax withholding on previously vested awards, 8,288 shares of common stock were disposed of at $13.24 per share. After these transactions, he directly holds 295,909 shares of Talos Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Spath John B.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 70,093 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,288 | $13.24 | $110K |
Holdings After Transaction:
Common Stock — 304,197 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock, par value $0.01 per share, of Talos Energy Inc. The RSUs were issued pursuant to the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan and will vest ratably on each of March 5, 2027, March 5, 2028 and March 5, 2029. Represents shares withheld to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units under the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan.
FAQ
What equity award did John B. Spath report for Talos Energy (TALO)?
John B. Spath reported receiving 70,093 restricted stock units from Talos Energy. The award was granted under the 2021 Long Term Incentive Plan and represents a contingent right to receive an equal number of common shares as the units vest over time.
How do John B. Spath’s new RSUs in Talos Energy (TALO) vest?
The 70,093 restricted stock units vest ratably over three years. One-third will vest on March 5, 2027, another third on March 5, 2028, and the final third on March 5, 2029, subject to the plan’s terms and conditions.
What plan governs John B. Spath’s RSU transactions in Talos Energy (TALO)?
Both the newly granted restricted stock units and the tax-withholding disposition relate to the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan. This plan sets the terms for equity awards, including vesting schedules and handling of tax obligations.