STICE J MICHAEL 4
Research Summary
AI-generated summary
Kosmos Energy (KOS) Director J. Michael Stice Receives Award
What Happened
J. Michael Stice, a director of Kosmos Energy Ltd. (KOS), received an award of 62,044 restricted share units (RSUs) on 2026-05-28. The filing reports a grant value of $2.74 per unit, totaling approximately $170,001. This transaction is an equity award (code A), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-28 (filed with the SEC on 2026-05-29; timely filing).
- Award: 62,044 RSUs at a notional price of $2.74 each; total value ≈ $170,001.
- Shares owned after transaction: Not specified in the reported data.
- Footnote: RSUs granted under the Issuer’s Long Term Incentive Plan; scheduled to vest 100% on the earlier of May 28, 2027 or the day before the Issuer’s first annual shareholder meeting after the grant, subject to the plan and award agreement.
- Transaction code: A = Award/Grant.
Context
RSUs are a form of compensation that convert to shares only upon vesting and are typically subject to restrictions until then; they are not immediately tradable. Grants are common for directors and executives as compensation and do not by themselves indicate a market buy or sell decision.