---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-020104"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:57:35.203691+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# VAALCO Energy amends exec agreements, awards restricted stock and options to CEO, CFO, COO, GC

## Summary
- CEO Maxwell receives 141,156 restricted shares and 261,545 options; other execs receive proportionate grants.
- Options exercise price $5.96, vest in three tranches with stock price hurdles of +15%, +32.25%, +52.5%.
- Amendments remove fixed percentage of base salary for equity awards, making grants discretionary per Compensation Committee.
- Compensation consultant found prior grants near bottom of bottom quartile; new grants target near top of bottom quartile.

## SEC filing metadata
- accession: 0001437749-24-020104
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000143774924020104/0001437749-24-020104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000143774924020104/egy20240612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-020104
- JSON: https://secwatch.observer/filing/0001437749-24-020104.json
- Plain text: https://secwatch.observer/filing/0001437749-24-020104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.