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An update from Vaalco Energy ( (EGY) ) is now available.
VAALCO Energy announced the granting of restricted shares and performance shares to key managerial personnel, including CEO George Maxwell and CFO Ronald Bain, as part of their compensation strategy. These shares, awarded at no cost, will become unrestricted over a period of up to three years, contingent on continued service and performance conditions. Additionally, some shares were forfeited to meet tax obligations, reflecting the company’s ongoing efforts to align executive incentives with long-term corporate goals.
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.
For a thorough assessment of EGY stock, go to TipRanks’ Stock Analysis page.