VAALCO Energy (EGY) officer has shares withheld to cover tax on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VAALCO Energy officer Casey Donohue reported a routine tax-related share disposition. On vesting of restricted stock, 4,873 shares of common stock were withheld at $5.29 per share to cover tax obligations, rather than sold in the open market. After this withholding, Donohue directly holds 92,036 shares of VAALCO Energy common stock. This type of Form 4 event reflects compensation mechanics and does not represent an open-market trade or a change in investment stance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Donohue Casey
Role
See Remarks (a)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,873 | $5.29 | $26K |
Holdings After Transaction:
Common Stock — 92,036 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for tax: 4,873 shares
Withholding price per share: $5.29 per share
Shares held after transaction: 92,036 shares
3 metrics
Shares withheld for tax
4,873 shares
Tax withholding on restricted stock vesting
Withholding price per share
$5.29 per share
Value used for tax-withholding disposition
Shares held after transaction
92,036 shares
Direct ownership after tax withholding event
Key Terms
restricted stock, tax withholding obligations, tax-withholding disposition, Form 4
4 terms
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.
tax withholding obligations financial
"Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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.
FAQ
What insider transaction did VAALCO Energy (EGY) report for Casey Donohue?
VAALCO Energy reported that officer Casey Donohue had 4,873 common shares withheld to cover taxes upon vesting of restricted stock. This was a tax-withholding disposition under Form 4, not an open-market purchase or sale of VAALCO Energy shares.
What does the F transaction code mean in the VAALCO Energy (EGY) Form 4?
The F code indicates a disposition of shares to pay an exercise price or tax liability. For VAALCO Energy, it marks shares withheld to satisfy tax obligations when restricted stock vested, rather than a voluntary open-market sale by the reporting officer.