VAALCO Energy (EGY) COO reports 24,168-share tax withholding on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VAALCO Energy Chief Operating Officer Thor Pruckl reported a tax-related share disposition. On the vesting of restricted stock, 24,168 shares of common stock were withheld at $5.29 per share to cover tax obligations, as noted in the footnote. After this withholding, Pruckl directly owns 516,155 shares of VAALCO Energy common stock. This is a compensation-related, non‑market transaction rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pruckl Thor
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 24,168 | $5.29 | $128K |
Holdings After Transaction:
Common Stock — 516,155 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 24,168 shares
Withholding price per share: $5.29 per share
Shares owned after transaction: 516,155 shares
3 metrics
Shares withheld for taxes
24,168 shares
Withheld upon restricted stock vesting, code F
Withholding price per share
$5.29 per share
Value used for tax-withholding disposition
Shares owned after transaction
516,155 shares
Direct holdings following tax withholding
Key Terms
tax withholding, restricted stock, Form 4, Chief Operating Officer
4 terms
tax withholding financial
"Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
restricted stock financial
"Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Form 4 regulatory
"The Form 4 identifies the transaction with code F and notes shares were withheld to satisfy tax obligations"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Operating Officer financial
"VAALCO Energy Chief Operating Officer Thor Pruckl reported a tax-related share disposition."
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
FAQ
What insider transaction did VAALCO Energy (EGY) report for Thor Pruckl?
VAALCO Energy reported that Chief Operating Officer Thor Pruckl had 24,168 common shares withheld to cover taxes on vested restricted stock. This was coded as a tax-withholding disposition, not an open-market trade, and reflects routine handling of equity compensation.
What are Thor Pruckl’s holdings in VAALCO Energy (EGY) after this transaction?
After the tax-withholding disposition, Chief Operating Officer Thor Pruckl directly holds 516,155 shares of VAALCO Energy common stock. This figure reflects his position following the withholding of 24,168 shares upon restricted stock vesting.
Was the VAALCO Energy (EGY) Form 4 transaction an open-market sale?
No. The Form 4 identifies the transaction with code F and notes shares were withheld to satisfy tax obligations on restricted stock vesting. This means the disposition was for tax withholding, not an open-market sale initiated by the insider.
What does transaction code F mean in the VAALCO Energy (EGY) Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, 24,168 VAALCO Energy shares were withheld to cover taxes when restricted stock vested, rather than being sold on the open market.