Sherrill Richard 4

What Happened Sherrill Richard, a director of Talos Energy Inc. (TALO), had restricted stock units (RSUs) vest on March 10, 2026. Per the filing, 17,759 RSUs were converted into shares (60% of the award was settled in shares) and 7,104 of those shares were surrendered to the issuer to cover tax withholding at $12.94 per share, producing $91,926 in proceeds. The net shares retained by Richard from this settlement were 10,655 shares.

Key Details

• Transaction date: March 10, 2026 (filed March 12, 2026; filing appears timely).
• Conversion/settlement: 17,759 RSUs converted to shares (reported as derivative conversion, code M).
• Withholding/disposition: 7,104 shares withheld to issuer at $12.94 each = $91,926 (reported as disposition, code D).
• Net shares retained from this vesting: 10,655 shares (17,759 issued minus 7,104 withheld).
• Shares owned after transaction: not specified in the Form 4.
• Footnote: RSUs were granted March 10, 2025 and vested March 10, 2026 under Talos’ 2021 Long Term Incentive Plan; the reporting person elected 60% settlement in shares and 40% in cash.

Context This was a routine RSU vesting and settlement rather than an open-market sale or purchase. The withholding of 7,104 shares to cover taxes is a common administrative action and does not necessarily signal a change in insider sentiment. The filing includes derivative-conversion codes because the RSUs converted into common stock upon vesting.