Form 4: VAALCO Energy CFO Ronald Bain Reports Stock Disposal for Tax Obligations
SEC Form 4
Ronald Bain, CFO of VAALCO Energy, disposed of 5,968 shares of common stock on June 10, 2024, to cover tax withholding obligations upon vesting of restricted stock.
Summary
- On June 10, 2024, Ronald Bain, the Chief Financial Officer of VAALCO Energy Inc., disposed of 5,968 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- The shares were disposed of at a price of $6.06 per share.
- Following the transaction, Bain directly owns 104,386 shares of VAALCO Energy Inc.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of stock disposal transaction |
| 06/11/2024 | Date of signature on the Form 4 filing |
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