Source - LSE Regulatory
RNS Number : 8556O
Kosmos Energy Limited
03 February 2023
 

Kosmos Energy Ltd (the "Company")
PDMR Shareholding

NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

03 February 2023

The following Persons Discharging Managerial Responsibilities ("PDMRs") have had changes in their shareholdings of Common Stock in the Company:

PDMR

Date of transaction

No. of shares vested

No. of shares granted

No. of shares sold or withheld

Christopher J. Ball

31 January 2023

146,875

99,525

140,449

Richard R. Clark

31 January 2023

146,875

61,293

114,475

Jason E. Doughty

31 January 2023

106,000

71,190

85,868

Ronald W. Glass

31 January 2023

15,000

30,929

17,630

Andrew G. Inglis

31 January 2023

301,500

233,539

244,541

Neal D. Shah

31 January 2023

100,500

129,177

92,664

 

The Notification of Dealing Form for each PDMR, which provides full details of the transactions outlined above, can be found below.

This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

 

Josh R. Marion

Assistant Secretary


CONTACT:

Investor Relations

Jamie Buckland
+44 203 954 2831
jbuckland@kosmosenergy.com


Media Relations

Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Christopher J. Ball

b)

Position / status

SVP and Chief Commercial Officer

c)

Initial notification / amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Common Stock, par value $0.01 per share

b)

Nature of the transactions

(1)   146,875 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2020 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   99,525 restricted share units granted under the Plan which are scheduled to vest with respect to one-third of the total number of shares on January 31 of each of 2024, 2025 and 2026, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)   140,449 shares withheld by the Company to satisfy the tax withholding requirement arising from the vesting of restricted share units granted to the reporting person under the Plan.

(3)   Shares Granted or Vested

c)

Currency

USD

Price

7.91

Volume

246,400

Total

1,949,024.00

(4)   Shares sold or withheld


Currency

USD

Price

7.91

Volume

140,449

Total

1,110,951.59

d)

Aggregated information 


Price

7.91

Volume

105,951

Total

838,072.41

e)

Date of the transactions

31 January 2023

f)

Place of the transaction

NYSE

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Richard R. Clark

b)

Position / status

SVP and President, Gulf of Mexico Business Unit

c)

Initial notification / amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Common Stock, par value $0.01 per share

b)

Nature of the transactions

(1)   146,875 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2020 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   61,293 restricted share units granted under the Plan which are scheduled to vest with respect to one-third of the total number of shares on January 31 of each of 2024, 2025 and 2026, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)   114,475 shares withheld by the Company to satisfy the tax withholding requirement arising from the vesting of restricted share units granted to the reporting person under the Plan.

(3)   Shares Granted or Vested

c)

Currency

USD

Price

7.91

Volume

208,168

Total

1,646,608.88

(4)   Shares sold or withheld


Currency

USD

Price

7.91

Volume

114,475

Total

905,497.25

d)

Aggregated information 


Price

7.91

Volume

93,693

Total

741,111.63

e)

Date of the transactions

31 January 2023

f)

Place of the transaction

NYSE

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Jason E. Doughty

b)

Position / status

SVP and General Counsel

c)

Initial notification / amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Common Stock, par value $0.01 per share

b)

Nature of the transactions

(1)   106,000 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2020 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   71,190 restricted share units granted under the Plan which are scheduled to vest with respect to one-third of the total number of shares on January 31 of each of 2024, 2025 and 2026, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)   85,868 shares withheld by the Company to satisfy the tax withholding requirement arising from the vesting of restricted share units granted to the reporting person under the Plan.

(3)   Shares Granted or Vested

c)

Currency

USD

Price

7.91

Volume

177,190

Total

1,401,572.90

(4)   Shares sold or withheld


Currency

USD

Price

7.91

Volume

85,868

Total

679,215.88

d)

Aggregated information 


Price

7.91

Volume

91,322

Total

722,357.02

e)

Date of the transactions

31 January 2023

f)

Place of the transaction

NYSE

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Ronald W. Glass

b)

Position / status

Vice President and Chief Accounting Officer

c)

Initial notification / amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Common Stock, par value $0.01 per share

b)

Nature of the transactions

(1)   15,000 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2020 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   30,929 restricted share units granted under the Plan which are scheduled to vest with respect to one-third of the total number of shares on January 31 of each of 2024, 2025 and 2026, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  17,630 shares withheld by the Company to satisfy the tax withholding requirement arising from the vesting of restricted share units granted to the reporting person under the Plan.

(3)   Shares Granted or Vested

c)

Currency

USD

Price

7.91

Volume

45,929

Total

363,298.39

(4)   Shares sold or withheld


Currency

USD

Price

7.91

Volume

17,630

Total

139,453.30

d)

Aggregated information 


Price

7.91

Volume

28,299

Total

223,845.09

e)

Date of the transactions

31 January 2023

f)

Place of the transaction

NYSE

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Andrew G. Inglis

b)

Position / status

Chairman and Chief Executive Officer

c)

Initial notification / amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Common Stock, par value $0.01 per share

b)

Nature of the transactions

(1)   301,500 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2020 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   233,539 restricted share units granted under the Plan which are scheduled to vest with respect to one-third of the total number of shares on January 31 of each of 2024, 2025 and 2026, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  244,541 shares withheld by the Company to satisfy the tax withholding requirement arising from the vesting of restricted share units granted to the reporting person under the Plan.

 

(3)   Shares Granted or Vested

c)

Currency

USD

Price

7.91

Volume

535,039

Total

4,232,158.49

(4)   Shares sold or withheld


Currency

USD

Price

7.91

Volume

244,541

Total

1,934,319.31

d)

Aggregated information 


Price

7.91

Volume

290,498

Total

2,297,839.18

e)

Date of the transactions

31 January 2023

f)

Place of the transaction

NYSE

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Neal D. Shah

b)

Position / status

Senior Vice President and Chief Financial Officer

c)

Initial notification / amendment

Initial notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Common Stock, par value $0.01 per share

b)

Nature of the transactions

(1)   100,500 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2020 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   129,177 restricted share units granted under the Plan which are scheduled to vest with respect to one-third of the total number of shares on January 31 of each of 2024, 2025 and 2026, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)   92,664 shares withheld by the Company to satisfy the tax withholding requirement arising from the vesting of restricted share units granted to the reporting person under the Plan.

(3)   Shares Granted or Vested

c)

Currency

USD

Price

7.91

Volume

229,677

Total

1,816,745.07

(4)   Shares sold or withheld


Currency

USD

Price

7.91

Volume

92,664

Total

732,972.24

d)

Aggregated information 


Price

7.91

Volume

137,013

Total

1,083,772.83

e)

Date of the transactions

31 January 2023

f)

Place of the transaction

NYSE

 

 

 

 

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