Form 4: VAALCO Energy Chief Accounting Officer Reports Stock Transaction
SEC Form 4 Filing
Jason Doornik, Chief Accounting Officer of VAALCO Energy, reports the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On March 11, 2024, Jason Doornik, the Chief Accounting Officer of VAALCO Energy Inc., had 1,305 common stock shares withheld to satisfy tax obligations.
- The shares were withheld at a price of $4.41.
- Following the transaction, Doornik directly owns 63,302 shares of VAALCO Energy Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market regarding their holdings and activities.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the stock transaction where 1,305 shares were withheld for tax obligations. |
| 03/13/2024 | Date of signature for the report. |
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