VAALCO Energy adopts new long-term incentive award agreements with performance-based stock hurdles

VAALCO Energy, Inc.

VAALCO Energy, Inc.

EGY

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  • VAALCO Energy adopted new 2026 equity award agreement forms under its amended 2020 long-term incentive plan on June 4.
  • Performance restricted stock vests in three tranches once 30-day average share price clears 10%, 15%, 20% hurdles, with 1-, 2-, 3-year minimums.
  • Time-based restricted stock, RSUs vest in three equal annual tranches over three years, subject to continued service.
  • Unvested awards accelerate on a change in control, death, total and permanent disability, or qualified retirement; unqualified retirement forfeits unvested awards.
  • Shares carry a 365-day post-vesting holding restriction, with early release on termination, change in control, death, disability, or company waiver.


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