Form 4: VAALCO Energy Executive Matthew Powers Reports Stock Transaction
SEC Form 4 Filing
Matthew Powers, EVP, Gen. Counsel & Corp. Sect of VAALCO Energy, reports disposition of shares to cover tax obligations.
Summary
- On June 10, 2024, Matthew Powers, EVP, Gen. Counsel & Corp. Sect of VAALCO Energy Inc, disposed of 1,696 shares of common stock to satisfy tax withholding obligations upon the vesting of restricted stock.
- The transaction was executed at a price of $6.06 per share.
- Following the transaction, Powers directly owns 54,249 shares of VAALCO Energy Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's 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 stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of stock transaction |
| 06/11/2024 | Date of signature |
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