SLEDGE CHARLES M 4
4 · TALOS ENERGY INC. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Talos (TALO) Director Charles Sledge Receives RSU Shares; 7,104 Withheld
What Happened
Charles M. Sledge, a director of Talos Energy Inc. (TALO), had 17,759 restricted stock units (RSUs vest) on March 10, 2026. Per the award terms, 60% of the RSUs were settled in shares (about 10,655 shares) and 40% were settled in cash. The filing shows 7,104 shares were disposed to the issuer (withheld) at $12.94 per share for taxes, valued at $91,926, leaving a net delivery of roughly 3,551 shares to Sledge. This was an award/compensation settlement (not an open-market buy or sell).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
- RSUs vested: 17,759 units (granted March 10, 2025; vested March 10, 2026).
- Settlement: 60% in shares (~10,655 shares), 40% in cash.
- Withholding: 7,104 shares were surrendered to the issuer at $12.94/share = $91,926 (reported as a disposition to issuer).
- Net shares delivered to insider: ~3,551 shares (10,655 gross shares less 7,104 withheld).
- Shares owned after transaction: not specified in the Form 4.
- Transaction codes: M = conversion/exercise of derivative (RSU conversion); D = disposition to issuer (share withholding for taxes).
- Footnote: RSUs were granted under the company’s 2021 Long Term Incentive Plan; settlement election resulted in 60% stock / 40% cash.
Context
This was a routine equity-compensation settlement (RSU vesting) and tax withholding, not a market purchase or discretionary sale by the director. For retail investors, these types of filings typically reflect compensation mechanics rather than a direct signal of insider buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-10+17,759→ 65,044 total - Disposition to Issuer
Common Stock
2026-03-10$12.94/sh−7,104$91,926→ 57,940 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-10−17,759→ 0 total→ Common Stock (17,759 underlying)
Footnotes (1)
- [F1]The restricted stock units ("RSUs") were granted on March 10, 2025 and vested on March 10, 2026. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share (a "Share") of Talos Energy Inc. The RSUs were granted pursuant to the Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan. Pursuant to the terms of the award agreement and the reporting person's settlement election, 60% of the RSUs were settled in Shares and 40% were settled in cash.