INGLIS ANDREW G 4
Research Summary
AI-generated summary
Kosmos Energy (KOS) CEO Andrew Inglis Sells Shares
What Happened
- Andrew G. Inglis, Chairman and CEO of Kosmos Energy (KOS), received 118,539 shares on Feb 3, 2026 upon settlement of performance‑vested restricted share units (RSUs) and then sold a total of 148,182 shares in open‑market transactions on Feb 3–4, 2026. The sales generated about $205,241 in proceeds (103,554 shares at a weighted avg $1.37 = $141,869 on Feb 3; 44,628 shares at a weighted avg $1.42 = $63,372 on Feb 4). The RSUs vested based on achievement of a performance condition.
Key Details
- Transaction dates and prices:
- 2026-02-03: 118,539 shares issued (RSU settlement, $0 acquisition) — footnote: vested RSUs granted Jan 31, 2023.
- 2026-02-03: 103,554 shares sold, weighted avg price $1.37 (actual sales ranged $1.34–$1.405).
- 2026-02-04: 44,628 shares sold, weighted avg price $1.42 (actual sales ranged $1.395–$1.465).
- Proceeds from sales: ≈ $205,241 total.
- Net change: sold 29,643 more shares than received (net −29,643 shares).
- Footnotes: shares issued were from vested performance RSUs (F1); the sales were to satisfy tax withholding arising from the vesting (F2); F3/F4 explain weighted‑average sale prices and price ranges.
- Filing: Form 4 filed 2026-02-05 for transactions on Feb 3–4, 2026 — appears to be timely.
Context
- These transactions reflect RSU settlement followed by share sales to cover tax withholding, a common and routine practice after vesting; such sales do not necessarily indicate the insider’s view on the company’s prospects.
- No options were exercised and no open‑market purchases were reported; purchases usually carry more informational weight than routine sales to cover taxes.