Tax withholding of shares by VAALCO Energy (NYSE: EGY) CFO Bain
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VAALCO Energy Chief Financial Officer Ronald Y. Bain reported a tax-related share disposition tied to restricted stock vesting. On June 5, 2026, 37,335 shares of common stock were withheld at $5.29 per share to cover tax withholding obligations. Following this non‑market transaction, Bain directly owned 447,007 shares of VAALCO Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bain Ronald Y
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 37,335 | $5.29 | $198K |
Holdings After Transaction:
Common Stock — 447,007 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 37,335 shares
Per-share value: $5.29 per share
Shares owned after transaction: 447,007 shares
3 metrics
Shares withheld for taxes
37,335 shares
Tax withholding on restricted stock vesting, June 5, 2026
Per-share value
$5.29 per share
Value used for tax-withholding disposition
Shares owned after transaction
447,007 shares
Direct holdings of CFO after tax withholding
Key Terms
restricted stock, tax withholding obligations, Form 4, Chief Financial Officer
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."
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.
Chief Financial Officer financial
"officer_title": "Chief Financial Officer""
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What did VAALCO Energy (EGY) CFO Ronald Bain report in this Form 4?
VAALCO Energy CFO Ronald Y. Bain reported a tax-related disposition of shares. The company withheld 37,335 common shares upon restricted stock vesting to satisfy tax obligations at $5.29 per share, leaving him with 447,007 directly owned shares afterward.
Was the VAALCO Energy (EGY) Form 4 transaction an open-market sale?
The Form 4 transaction was not an open-market sale. It reflects 37,335 VAALCO Energy common shares withheld to satisfy tax withholding obligations when restricted stock vested, a routine compensation-related event rather than a discretionary sale in the market.
What does the F transaction code mean in VAALCO Energy (EGY) Form 4?
The F code indicates a tax-withholding disposition, not a market sale. For VAALCO Energy, it shows 37,335 shares were delivered back to satisfy tax liabilities triggered by restricted stock vesting, a standard mechanism in equity compensation programs.