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VAALCO Energy Executives Forfeit Shares for Tax Obligations

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VAALCO Energy Executives Forfeit Shares for Tax Obligations

An update from Vaalco Energy ( (EGY) ) is now available.

VAALCO Energy announced the forfeiture of common stock by key executives to satisfy tax withholding obligations related to the vesting of restricted stock awards. This action involved the CEO, CFO, and COO, with a total of 12,173 shares forfeited, potentially impacting the company’s stock structure and executive compensation strategy.

More about Vaalco Energy

VAALCO Energy, founded in 1985 and based in Houston, Texas, is an independent energy company with a diverse portfolio of production, development, and exploration assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria, and Canada.

YTD Price Performance: 0.63%

Average Trading Volume: 872,506

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $455.1M

Learn more about EGY stock on TipRanks’ Stock Analysis page.

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