Talos Energy (TALO) awards director 14,018 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SLEDGE CHARLES M reported acquisition or exercise transactions in this Form 4 filing.
TALOS ENERGY INC. director Charles M. Sledge received a grant of 14,018 restricted stock units (RSUs) under the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan. The RSUs vest on March 5, 2027, contingent on continued service, and then deliver 60% in common shares and 40% in cash unless a 100%-in-shares settlement election was made.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SLEDGE CHARLES M
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 insider transaction did TALOS (TALO) report for Charles M. Sledge?
TALOS reported that director Charles M. Sledge was granted 14,018 restricted stock units. These units were awarded under the company’s 2021 Long Term Incentive Plan and represent deferred compensation that may settle in a mix of common shares and cash at vesting.
How many restricted stock units did the TALOS (TALO) director receive?
Charles M. Sledge received 14,018 restricted stock units. This entire amount remains credited to him after the grant, reflecting an award of equity-based compensation tied to future vesting, rather than an open-market purchase or sale of Talos Energy common shares.
When do the new RSUs for TALOS (TALO) director Charles M. Sledge vest?
The restricted stock units granted to Charles M. Sledge vest on March 5, 2027. Vesting is contingent on his continued service, meaning he must remain in his role through that date for the RSUs to settle into Talos Energy common shares and cash.
How will the TALOS (TALO) RSUs granted to Charles M. Sledge be settled?
By default, 60% of the RSUs settle in Talos Energy common shares and 40% in cash, unless a settlement election was made to receive 100% in shares. Delivery occurs on the vesting date or the date specified in his deferral election.
Under which plan were the TALOS (TALO) RSUs for Charles M. Sledge granted?
The 14,018 restricted stock units were granted under the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan. This plan provides for equity-based awards, such as RSUs, designed to align director and executive compensation with company performance over time.
Did the TALOS (TALO) Form 4 involve any stock sales by Charles M. Sledge?
No stock sales were reported for Charles M. Sledge. The Form 4 reflects an acquisition of 14,018 restricted stock units as a grant or award, with no indicated disposition or sale of existing Talos Energy common shares in this particular filing.