Neal P. Goldman - Mar 5, 2024 Form 4 Insider Report for TALOS ENERGY INC. (TALO)

Role
Director
Signature
/s/ William S. Moss III, attorney-in-fact
Stock symbol
TALO
Transactions as of
Mar 5, 2024
Transactions value $
-$67,964
Form type
4
Date filed
3/7/2024, 04:46 PM
Previous filing
Feb 12, 2024
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALO Common Stock Options Exercise +13K +38.68% 46.7K Mar 5, 2024 Direct F1
transaction TALO Common Stock Disposed to Issuer -$68K -5.21K -11.15% $13.04 41.5K Mar 5, 2024 Direct

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 Restricted Stock Units Options Exercise $0 -13K -100% $0.00* 0 Mar 5, 2024 Common Stock 13K Direct F1
transaction TALO Restricted Stock Units Award $0 +18K $0.00 18K Mar 5, 2024 Common Stock 18K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") were granted on March 5, 2023 and vested on March 5, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share (a "Share") of Talos Energy Inc. The RSUs were granted pursuant to the Talos Energy Inc. 2021 Long Term Incentive Plan (the "LTIP"). Pursuant to the terms of the award agreement, 60% of the RSUs were settled in Shares and 40% were settled in cash.
F2 The RSUs were granted pursuant to the LTIP and represent a contingent right to receive 60% of such RSUs in Shares and 40% of such RSUs in cash if no settlement election was made to receive 100% in Shares.
F3 The RSUs will vest, contingent upon continued service, on March 5, 2025. Vested Shares and/or cash will be delivered to the reporting person on the date provided in such person's deferral election or the vesting date if no such election was made.