secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2026-06-09T21:29:06+00:00
Accession:  0000894627-26-000037
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VAALCO adopts new award agreements, grants performance and time-based equity to executives and directors
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- Board adopted forms of Performance RSA, Time-based RSA, and RSU Award Agreements under the 2020 LTIP.
- Performance RSA vesting tied to 30-day average stock price hurdles of 10%, 15%, and 20% above grant price.
- Time-based RSA and RSUs vest in three equal annual tranches; all awards include a 365-day post-vesting holding period.
- Executive officers received restricted shares under both Performance RSA and Time-based RSA; directors received restricted shares under director form.
- Accelerated vesting upon Change in Control, death, disability, or qualified retirement at age 65 with 10+ years service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000089462726000037/0000894627-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000089462726000037/egy-20260604.htm
  HTML page:      https://secwatch.observer/filing/0000894627-26-000037

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