Tax withholding trims VAALCO Energy (NYSE: EGY) exec share count

Rhea-AI Filing Summary

VAALCO Energy executive Matthew R. Powers, EVP, General Counsel and Corporate Secretary, reported a routine tax-related share disposition. A total of 12,340 shares of common stock were withheld at $5.29 per share to cover tax obligations upon vesting of restricted stock. After this non-market transaction, he directly holds 233,754 shares of VAALCO Energy common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider POWERS MATTHEW R

Role EVP, Gen. Counsel & Corp. Sect

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	12,340	$5.29	$65K

Holdings After Transaction: Common Stock — 233,754 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 12,340 shares Withholding price per share: $5.29 per share Shares held after transaction: 233,754 shares +1 more

4 metrics

Shares withheld for taxes 12,340 shares Tax withholding on restricted stock vesting

Withholding price per share $5.29 per share Value applied to withheld shares

Shares held after transaction 233,754 shares Direct holdings of common stock post-transaction

Tax-withholding transactions 1 transaction, 12,340 shares Form 4 transaction summary for code F

Key Terms

restricted stock, tax withholding obligations, Form 4

3 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.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

POWERS MATTHEW R

(Last) (First) (Middle)

2500 CITYWEST BLVD.,

SUITE 400

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VAALCO ENERGY INC /DE/ [ EGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen. Counsel & Corp. Sect

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/05/2026		F		12,340(1)	D	$5.29	233,754	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.

	/s/ Matthew Powers	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did VAALCO Energy (EGY) report for Matthew R. Powers?

VAALCO Energy reported a tax-related share withholding for Matthew R. Powers. On the reported date, 12,340 common shares were withheld to satisfy tax obligations arising from vested restricted stock, rather than sold in the open market.

How many VAALCO Energy (EGY) shares were withheld for taxes in this Form 4?

A total of 12,340 VAALCO Energy common shares were withheld. These shares covered tax withholding obligations triggered when restricted stock vested, according to the filing’s transaction code F and related footnote.

At what price were the withheld VAALCO Energy (EGY) shares valued?

The withheld shares were valued at $5.29 per share. This price is used in the Form 4 to report the value of 12,340 common shares withheld to satisfy tax obligations tied to restricted stock vesting.

How many VAALCO Energy (EGY) shares does Matthew R. Powers hold after this transaction?

Following the transaction, Matthew R. Powers directly holds 233,754 shares. This post-transaction balance reflects his remaining VAALCO Energy common stock after 12,340 shares were withheld for tax withholding obligations.

Was this VAALCO Energy (EGY) insider transaction an open-market sale?

No, the transaction was not an open-market sale. The Form 4 identifies it as a tax-withholding disposition, where shares were withheld by the issuer to cover taxes on vested restricted stock, rather than sold to public investors.