Sherrill Richard 4

What Happened
Richard Sherrill, a director of Talos Energy Inc. (TALO), received a grant of 14,018 restricted stock units (RSUs) on March 5, 2026. The award is recorded as a derivative grant (Acquired 14,018 @ $0.00), so no cash was paid by the reporting person. The filing reports this as an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely within the reporting window).
• Grant: 14,018 RSUs, reported at $0.00 (derivative award).
• Vesting: Contingent on continued service; vest date is March 5, 2027.
• Settlement: Per footnote, 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 delivered per deferral election or on the vesting date if no election.
• Shares owned after the transaction: Not specified in the provided filing details.
• No indication of a 10b5-1 plan, immediate sale, or late filing in the disclosed information.

Context
RSUs are a form of deferred compensation: they represent a future right to receive company shares and/or cash once vesting conditions are met, so they do not immediately increase the insider’s share voting power or liquidity until settlement. Awards like this are common for directors and executives under long-term incentive plans and are disclosure items rather than direct market bets.