Szabo Shandell 4
4 · TALOS ENERGY INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Talos Energy (TALO) Director Szabo Shandell Receives RSU Award
What Happened
Szabo Shandell, a director of Talos Energy Inc. (TALO), received a grant of 14,018 restricted stock units (RSUs) on March 5, 2026. The grant is reported as an award/derivative (code A) at $0.00 per unit (no immediate purchase price or cash exchanged). These RSUs are compensation rather than an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-03-05 — Grant of 14,018 RSUs (reported at $0.00; derivative security, code A).
- Vesting and settlement: RSUs vest contingent on continued service on March 5, 2027. Per the plan, 60% of the RSUs will be settled in shares and 40% in cash unless an election is made to receive 100% in shares. Vested shares/cash are delivered per any deferral election or on the vesting date.
- Plan: Granted under the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan.
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: Report filed March 9, 2026 for a March 5, 2026 transaction — this exceeds the typical two-business-day Form 4 filing window.
Context
This was a compensation award (RSUs), not a market purchase or sale. RSU grants are routine executive/director compensation and do not by themselves indicate a buy or sell signal; value is realized only if and when RSUs vest and are settled. The filing explains settlement mechanics (shares vs. cash) and the one-year service-based vesting condition.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-05+14,018→ 14,018 total→ Common Stock (14,018 underlying)
Footnotes (2)
- [F1]The restricted stock units ("RSUs") were granted pursuant to the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan and represent a contingent right to receive 60% of such RSUs in shares of common stock, par value $0.01 per share ("Shares") of Talos Energy Inc. and 40% of such RSUs in cash if no settlement election was made to receive 100% in Shares.
- [F2]The RSUs will vest, contingent upon continued service, on March 5, 2027. Vested Shares and/or cash will be delivered to the reporting person on the date provided in such person's deferral election or the vesting date if no such election was made.