VAALCO adopts performance-based equity awards tied to 10-20% stock price gains

Filed June 9, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• high

  Board approved new performance-based restricted stock awards for executives that vest in thirds when stock price rises 10%, 15%, and 20% above grant price, with minimum 1-3 year holding periods and 10-year term.

  Item 5.02 verify on EDGAR →
• high

  Compensation Committee immediately granted restricted stock to executive officers and directors under the new award structures, though specific grant amounts were not disclosed.

  Item 5.02 verify on EDGAR →
• medium

  All equity awards include mandatory 365-day post-vesting holding period preventing immediate sales, aligning executive interests with long-term shareholder value.

  Item 5.02 verify on EDGAR →