Form 4: Talos Energy Director Richard Sherrill Reports Stock Transactions

Director Richard Sherrill reports the vesting and settlement of restricted stock units (RSUs) and subsequent transactions involving Talos Energy Inc. common stock.

Summary

• On March 5, 2024, Richard Sherrill, a director of Talos Energy Inc., reported transactions involving the company's common stock.
• 9,066 restricted stock units (RSUs) granted on March 5, 2023, vested on March 5, 2024, and were settled, with 60% in shares and 40% in cash.
• Following the vesting, Sherrill directly owns 56,749 shares of common stock.
• Sherrill disposed of 3,626 shares at a price of $13.04, resulting in a direct ownership of 53,123 shares.
• An additional 12,510 RSUs were granted, vesting on March 5, 2025, contingent upon continued service, with settlement terms of 60% in shares and 40% in cash unless a different election is made.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The newly granted 12,510 RSUs will vest on March 5, 2025, contingent upon continued service.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates