Form 4: Kosmos Energy Director Kelso Grant Reports Share Transactions

Director Kelso Grant reports acquisition and disposal of Kosmos Energy shares related to restricted share units.

Summary

• On June 5, 2024, Director Kelso Grant had 279 common shares withheld by Kosmos Energy to cover tax obligations related to vesting restricted share units at a price of $5.57.
• On June 6, 2024, Grant acquired 30,196 restricted share units under the company's Long Term Incentive Plan.
• Following these transactions, Grant directly owns 58,119 common shares.
• These restricted share units are scheduled to vest 100% on the earlier of June 6, 2025, or the day before the company's first annual shareholder meeting after the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. There is no indication of positive or negative performance.

Positives

• The acquisition of restricted share units by a director signals confidence in the company's future performance.

Future Outlook

The restricted share units are scheduled to vest 100% on the earlier of June 6, 2025, 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.

Industry Context

This filing is a routine disclosure of share transactions by a company insider, which is common in the oil and gas industry where equity compensation is frequently used.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of restricted share units, which is part of the company's compensation plan.

Key Dates