Form 4: Talos Energy CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sergio L. Maiworm Jr., CFO of Talos Energy Inc., sold 563 shares of common stock on March 8, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 8, 2024, Sergio L. Maiworm Jr., the Chief Financial Officer and Senior Vice President of Talos Energy Inc., disposed of 563 shares of the company's common stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units under the Talos Energy Inc. 2021 Long Term Incentive Plan.
- The shares were sold at a price of $12.72 per share.
- Following the transaction, Maiworm directly owns 46,548 shares of Talos Energy Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate a positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vesting equity, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of the transaction where 563 shares were disposed of. |
| 03/12/2024 | Date of signature by attorney-in-fact, William S. Moss III. |
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