Form 4: Talos Energy Inc. Director Acquires Restricted Stock Units

Director Paula R. Glover acquired 17,759 restricted stock units (RSUs) of Talos Energy Inc. on March 10, 2025, which will vest on March 10, 2026.

Summary

• On March 10, 2025, Paula R. Glover, a director of Talos Energy Inc., was granted 17,759 restricted stock units (RSUs).
• These RSUs were granted under the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan.
• 60% of the RSUs are payable in shares of common stock, and 40% are payable in cash, unless a settlement election is made to receive 100% in shares.
• The RSUs will vest on March 10, 2026, contingent upon continued service.
• Vested shares and/or cash will be delivered on the date provided in the person's deferral election or the vesting date if no such election was made.

Sentiment

Score: 7

Explanation: The document indicates a standard director compensation practice, suggesting a stable outlook. The sentiment is neutral to slightly positive as it reflects alignment of interests between the director and shareholders.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The director's continued service is required for the RSUs to vest on March 10, 2026.

Industry Context

Granting stock-based compensation to directors is a common practice in the energy industry to align their interests with shareholders and incentivize long-term growth.

Comparison to Industry Standards

• Stock grants to board members are a common practice across the oil and gas industry.
• Companies like ExxonMobil, Chevron, and ConocoPhillips also use equity-based compensation to align director interests with shareholder value.
• The specific amount and vesting schedule of the RSUs would need to be compared to peer companies to determine if it is within industry norms.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit shareholder value.

Key Dates