Director/PDMR Shareholding

RNS Number : 5389A
Kosmos Energy Limited
03 February 2022
 

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 2022

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 2022

127,194

135,300

80,722

Richard R. Clark

31 January 2022

127,194

92,070

77,690

Jason E. Doughty

31 January 2022

91,796

92,070

57,065

Ronald W. Glass

31 January 2022

5,769

40,000

8,246

Andrew G. Inglis

31 January 2022

250,209

264,000

154,839

Neal D. Shah

31 January 2022

75,775

148,500

29,818

 

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)  127,194 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2019 under the Company's Long Term Incentive Plan (the "Plan") that vested based on the level of achievement of the applicable performance condition.

(2)  135,300 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 2023, 2024 and 2025, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  80,722 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

4.33

Volume

262,494

Total

1,136,599.02

(4)  Shares sold or withheld


Currency

USD

Price

4.33

Volume

80,722

Total

349,526.26

d)

Aggregated information 


Price

4.33

Volume

181,772

Total

787,072.76

e)

Date of the transactions

31 January 2022

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)  127,194 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2019 under the Company's Long Term Incentive Plan (the "Plan") that vested based on the level of achievement of the applicable performance condition.

(2)  92,070 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 2023, 2024 and 2025, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  77,690 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

4.33

Volume

219,264

Total

949,413.12

(4)  Shares sold or withheld


Currency

USD

Price

4.33

Volume

77,690

Total

336,397.70

d)

Aggregated information 


Price

4.33

Volume

141,574

Total

613,015.42

e)

Date of the transactions

31 January 2022

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)  91,796 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2019 under the Company's Long Term Incentive Plan (the "Plan") that vested based on the level of achievement of the applicable performance condition.

(2)  92,070 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 2023, 2024 and 2025, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  57,065 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

4.33

Volume

183,866

Total

796,139.78

(4)  Shares sold or withheld


Currency

USD

Price

4.33

Volume

57,065

Total

247,091.45

d)

Aggregated information 


Price

4.33

Volume

126,801

Total

549,048.33

e)

Date of the transactions

31 January 2022

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)  5,769 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2019 under the Company's Long Term Incentive Plan (the "Plan") that vested based on the level of achievement of the applicable performance condition.

(2)  40,000 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 2023, 2024 and 2025, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  8,246 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

4.33

Volume

45,769

Total

198,179.77

(4)  Shares sold or withheld


Currency

USD

Price

4.33

Volume

8,246

Total

35,705.18

d)

Aggregated information 


Price

4.33

Volume

37,523

Total

162,474.59

e)

Date of the transactions

31 January 2022

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)  250,209 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2019 under the Company's Long Term Incentive Plan (the "Plan") that vested based on the level of achievement of the applicable performance condition.

(2)  264,000 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 2023, 2024 and 2025, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  154,839 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

4.33

Volume

514,209

Total

2,226,524.97

(4)  Shares sold or withheld


Currency

USD

Price

4.33

Volume

154,839

Total

670,452.87

d)

Aggregated information 


Price

4.33

Volume

359,370

Total

1,556,072.10

e)

Date of the transactions

31 January 2022

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)  75,775 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2019 under the Company's Long Term Incentive Plan (the "Plan") that vested based on the level of achievement of the applicable performance condition.

(2)  148,500 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 2023, 2024 and 2025, subject to the terms of the Plan and the applicable award agreement issued thereunder.

(2)  29,818 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

4.33

Volume

224,275

Total

971,110.75

(4)  Shares sold or withheld


Currency

USD

Price

4.33

Volume

29,818

Total

129,111.94

d)

Aggregated information 


Price

4.33

Volume

194,457

Total

841,998.81

e)

Date of the transactions

31 January 2022

f)

Place of the transaction

NYSE

 

 

 

 

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