Timothy S. Duncan - Mar 5, 2022 Form 4/A - Amendment Insider Report for TALOS ENERGY INC. (TALO)

Role
President & Chief Executive Officer, Director
Signature
/s/ William S. Moss III, attorney-in-fact
Stock symbol
TALO
Transactions as of
Mar 5, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
9/30/2022, 05:36 PM
Date Of Original Report
Mar 8, 2022
Previous filing
Nov 22, 2021
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALO Common Stock Award $0 +96.8K +41.75% $0.00 329K Mar 5, 2022 Direct F1, F2
holding TALO Common Stock 776K Mar 5, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TALO Performance Share Unit Award $0 +96.8K $0.00 96.8K Mar 5, 2022 Common Stock 96.8K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock, par value $0.01 per share (a "Share"), of Talos Energy Inc. (the "Issuer"). The RSUs were issued pursuant to the Talos Energy Inc. Long Term Incentive Plan and will vest ratably on each of March 5, 2023, March 5, 2024 and March 5, 2025.
F2 On March 8, 2022, the reporting person filed a Form 4, which inadvertently reported that he was granted 90,827 RSUs. This amended Form 4 is being filed for the purpose of amending and restating the disclosure regarding that transaction in the initial Form 4, to correctly reflect that the reporting person was granted 96,759 RSUs.
F3 On March 8, 2022, the reporting person filed a Form 4, which inadvertently reported in Table I, column 5 that the amount of securities beneficially owned following the three reported transactions was 750,046 Shares. This amended Form 4 is being filed for the purpose of amending the disclosure. The reporting person beneficially owned, as of the date of the original Form 4 filed on March 8, 2022, 755,978 Shares, and the reporting person beneficially owns, as of the date of this amended filing, 776,367 Shares.
F4 Each performance share unit ("PSU") represents a contingent right to receive one Share. Between 0% and 200% of the target number of PSUs granted are eligible to vest based on continued employment and the Issuer's annualized absolute total shareholder return over the period from January 1, 2022 through December 31, 2024.
F5 On March 8, 2022, the reporting person filed a Form 4, which inadvertently reported that he was granted 90,827 PSUs. This amended Form 4 is being filed for the purpose of amending and restating the disclosure regarding that transaction in the initial Form 4, to correctly reflect that the reporting person was granted 96,759 PSUs.

Remarks:

President & Chief Executive Officer