Form 4: VAALCO Energy CFO Ronald Bain Reports Stock Transaction
SEC Form 4 Filing
Ronald Bain, CFO of VAALCO Energy, reports the disposal of 3,359 common stock shares to cover tax obligations.
Summary
- On March 11, 2024, Ronald Bain, the Chief Financial Officer of VAALCO Energy Inc., disposed of 3,359 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock.
- The shares were disposed of at a price of $4.41 per share.
- Following the transaction, Bain directly owns 58,685 shares of VAALCO Energy Inc.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in the energy sector and other publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock transaction: disposal of 3,359 shares. |
| 03/13/2024 | Date of signature by attorney-in-fact. |
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