Form 4: VAALCO Energy Director Exercises Options and Disposes of Shares
SEC Form 4
Director Andrew Lawrence Fawthrop exercised options and disposed of shares of VAALCO Energy Inc. on March 18, 2024.
Summary
- On March 18, 2024, Andrew Lawrence Fawthrop, a director of VAALCO Energy Inc., exercised options to acquire 64,307 shares of common stock at a price of $1.43 per share.
- Following the exercise, Fawthrop disposed of 15,938 shares to cover tax obligations at a price of $5.77 per share.
- After these transactions, Fawthrop beneficially owns 456,827 shares of VAALCO Energy Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock option exercise and share disposal.
Industry Context
This is a routine disclosure related to insider transactions and provides insight into management's holdings and sentiment, but does not provide any insight into the broader industry.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 06/06/2019 | Date options were granted. |
| 03/18/2024 | Date of transaction: option exercise and share disposal. |
| 03/19/2024 | Date of signature on the form. |
| 06/06/2024 | Expiration date of the options. |
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