Form 4: VAALCO Energy CEO George Maxwell Reports Stock Transaction
SEC Form 4 Filing
VAALCO Energy CEO George Maxwell reports the withholding of 7,300 common stock shares to cover tax obligations upon vesting of restricted stock on March 11, 2025, resulting in a beneficial ownership of 362,082 shares.
Summary
- On March 11, 2025, George W.M. Maxwell, CEO of VAALCO Energy Inc., had 7,300 shares of common stock withheld to satisfy tax obligations.
- The shares were withheld at a price of $3.91 per share.
- Following the transaction, Maxwell directly owns 362,082 shares of VAALCO Energy Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of stock transaction (tax withholding) |
| 03/13/2025 | Date of signature on the Form 4 filing |
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