Form 4: Kosmos Energy Director Roy A. Franklin Reports Changes in Beneficial Ownership

Director Roy A. Franklin reports acquisition and disposal of Kosmos Energy shares related to restricted share units and tax withholding.

Summary

• On June 5, 2024, Director Roy A. Franklin had 194 common shares withheld by Kosmos Energy to cover tax obligations related to vesting restricted share units at a price of $5.57.
• Following this transaction, Franklin directly owned 68,676 common shares.
• On June 6, 2024, Franklin was granted 30,196 restricted share units under the company's Long Term Incentive Plan.
• 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 following the grant date.
• Following this grant, Franklin directly owned 98,872 common shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding changes in beneficial ownership, with no inherent positive or negative sentiment.

Positives

• The grant of restricted share units aligns the director's interests with the long-term performance of the company.

Future Outlook

The restricted share units will vest 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 related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Equity compensation is a common practice in the oil and gas industry to incentivize executives and align their interests with shareholders.
• Companies like ExxonMobil, Chevron, and BP also utilize restricted stock units as part of their executive compensation packages.
• The vesting schedule and terms of the Long Term Incentive Plan are likely comparable to those of similar companies in the sector.

Key Dates