Bain Ronald Y 4

What Happened Ronald Y. Bain, Chief Financial Officer of VAALCO Energy, received two restricted stock awards on June 4, 2026: 72,456 shares and 101,500 shares, each granted at $0.00 (total 173,956 shares). These were reported on a Form 4 filed June 8, 2026. The transactions are awards/grants (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08.
• Shares granted: 72,456 @ $0.00 and 101,500 @ $0.00 (total 173,956 shares).
• Reported value: $0.00 per share (restricted stock awards); no market value reported in the filing summary.
• Vesting: First grant vests in three equal annual installments beginning on the first anniversary of grant (Footnote F1). Second grant vests in three equal annual installments beginning on the first anniversary, subject to stock price appreciation hurdles of 10%, 15%, and 20% measured using a 30-day average from the grant date (Footnote F2).
• Shares owned after transaction: not specified in the provided summary.
• Timeliness: Form 4 was filed four days after the grant date (normally due within 2 business days), indicating a late filing.

Context These are restricted stock compensation awards as part of VAALCO’s 2020 Long Term Incentive Plan. Such grants are standard executive compensation and do not represent an open-market purchase or sale; they do not by themselves signal a buy/sell opinion by the insider. The second award includes performance-based vesting tied to stock-price appreciation, so vesting (and ultimate share receipt) depends on future stock performance.