Marion Josh R. 4
Research Summary
AI-generated summary
Kosmos (KOS) SVP Josh Marion Sells 22,940 Shares After RSU Vesting
What Happened
- Josh R. Marion, SVP and General Counsel of Kosmos Energy (KOS), had 7,661 restricted shares issued on settlement of vested RSUs (acquired at $0 on 2026-02-03) and sold a total of 22,940 shares in open-market transactions for aggregate proceeds of about $31,592.
- Sales: 19,656 shares sold on 2026-02-03 at a weighted average price of $1.37 (proceeds $26,929) and 3,284 shares sold on 2026-02-04 at a weighted average price of $1.42 (proceeds $4,663). The RSU settlement (award) is the source of the shares; the sales were to satisfy withholding/tax obligations.
Key Details
- Transaction dates: RSU settlement (award) on 2026-02-03; sales on 2026-02-03 and 2026-02-04. Filing date: 2026-02-05 (Report period 2026-02-03). Filing appears timely.
- Prices/ranges: weighted average sale prices $1.37 and $1.42. Actual sale prices ranged from $1.34–$1.405 (Feb 3 sales) and $1.395–$1.465 (Feb 4 sales).
- Acquisition details: 7,661 shares issued on settlement of RSUs granted Jan 31, 2023 that vested based on performance (footnote F1).
- Tax withholding: sales were made to satisfy tax withholding related to the vesting of RSUs (footnote F2).
- Shares owned after the transactions are not specified in the provided filing details.
Context
- This was an RSU settlement followed by open-market sales to cover tax obligations — a common, routine outcome of equity compensation vesting rather than a directional buy/sell signal about company prospects.
- The award shows $0 acquisition cost because shares were issued on vesting; the subsequent sales were partial/total dispositions from those vested shares. Purchases (not present here) typically convey stronger affirmative signals than routine tax-withholding sales.