RNS Number : 9417B
Kosmos Energy Limited
05 February 2024
 

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

05 February 2024

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 2024

493,000

99,525

0

Christopher J. Ball

1 February 2024

0

0

114,423

Christopher J. Ball

2 February 2024

0

0

118,144

Jason E. Doughty

31 January 2024

344,647

0

0

Jason E. Doughty

1 February 2024

0

0

66,616

Jason E. Doughty

2 February 2024

0

0

69,025

Ronald W. Glass

31 January 2024

85,000

50,000

0

Ronald W. Glass

1 February 2024

0

0

17,525

Ronald W. Glass

2 February 2024

0

0

18,115

Andrew G. Inglis

31 January 2024

837,500

270,600

0

Andrew G. Inglis

1 February 2024

0

0

166,524

Andrew G. Inglis

2 February 2024

0

0

171,941

Neal D. Shah

31 January 2024

423,000

148,500

0

Neal D. Shah

1 February 2024

0

0

84,672

Neal D. Shah

2 February 2024

0

0

87,655

 

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)   493,000 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2021 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 2025, 2026 and 2027, subject to the terms of the Plan and the applicable award agreement issued thereunder.

 

Shares Granted or Vested

c)

Currency

USD

Price

6.06

Volume

592,525

Total

3,590,701.50

Shares sold or withheld

d)

Currency

USD

Price

0

Volume

0

Total

0

e)

Aggregated information 


Price

6.06

Volume

592,525

Total

3,590,701.50

f)

Date of the transactions

31 January 2024

g)

Place of the transaction

NYSE

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

114,423 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

6.0287

Volume

114,423

Total

689,821.94

e)

Aggregated information 


Price

6.0287

Volume

114,423

Total

689,821.94

f)

Date of the transactions

1 February 2024

g)

Place of the transaction

NYSE

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

118,144 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

5.8388

Volume

118,144

Total

689,819.19

e)

Aggregated information 


Price

5.8388

Volume

118,144

Total

689,819.19

f)

Date of the transactions

2 February 2024

g)

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

344,647 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2021 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

 

Shares Granted or Vested

c)

Currency

USD

Price

6.06

Volume

344,647

Total

2,088,560.82

Shares sold or withheld

d)

Currency

USD

Price

0

Volume

0

Total

0

e)

Aggregated information 


Price

6.06

Volume

344,647

Total

2,088,560.82

f)

Date of the transactions

31 January 2024

g)

Place of the transaction

NYSE

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

66,616 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

6.0287

Volume

66,616

Total

401,607.88

e)

Aggregated information 


Price

6.0287

Volume

66,616

Total

401,607.88

f)

Date of the transactions

1 February 2024

g)

Place of the transaction

NYSE

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

69,025 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

5.8388

Volume

69,025

Total

403,023.17

e)

Aggregated information 


Price

5.8388

Volume

69,025

Total

403,023.17

f)

Date of the transactions

2 February 2024

g)

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)   85,000 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2021 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   50,000 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 2025, 2026 and 2027, subject to the terms of the Plan and the applicable award agreement issued thereunder.

 

Shares Granted or Vested

c)

Currency

USD

Price

6.06

Volume

135,000

Total

818,100

Shares sold or withheld

d)

Currency

USD

Price

0

Volume

0

Total

0

e)

Aggregated information 


Price

6.06

Volume

135,000

Total

818,100

f)

Date of the transactions

31 January 2024

g)

Place of the transaction

NYSE

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

17,525 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

6.0287

Volume

17,525

Total

105,652.97

e)

Aggregated information 


Price

6.0287

Volume

17,525

Total

105,652.97

f)

Date of the transactions

1 February 2024

g)

Place of the transaction

NYSE

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

18,115 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

5.8388

Volume

18,115

Total

105,769.86

e)

Aggregated information 


Price

5.8388

Volume

18,115

Total

105,769.86

f)

Date of the transactions

2 February 2024

g)

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)   837,500 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2021 under the Company's Long Term Incentive Plan (the "Plan") based on the target level of achievement of the applicable performance condition.

(2)   270,600 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 2025, 2026 and 2027, subject to the terms of the Plan and the applicable award agreement issued thereunder.

Shares Granted or Vested

c)

Currency

USD

Price

6.06

Volume

1,108,100

Total

6,715,086

Shares sold or withheld

d)

Currency

USD

Price

0

Volume

0

Total

0

e)

Aggregated information 


Price

6.06

Volume

1,108,100

Total

6,715,086

f)

Date of the transactions

31 January 2024

g)

Place of the transaction

NYSE

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

166,524 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

6.0287

Volume

166,524

Total

1,003,923.24

e)

Aggregated information 


Price

6.0287

Volume

166,524

Total

1,003,923.24

f)

Date of the transactions

1 February 2024

g)

Place of the transaction

NYSE

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

171,941 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

5.8388

Volume

171,941

Total

1,003,929.11

e)

Aggregated information 


Price

5.8388

Volume

171,941

Total

1,003,929.11

f)

Date of the transactions

2 February 2024

g)

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)   423,000 shares issued on settlement of restricted share units granted to the reporting person on 31 January 2021 under the Company's Long Term Incentive Plan (the "Plan") based on the target 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 2025, 2026 and 2027, subject to the terms of the Plan and the applicable award agreement issued thereunder.

Shares Granted or Vested

c)

Currency

USD

Price

6.06

Volume

571,500

Total

3,463,290

Shares sold or withheld

d)

Currency

USD

Price

0

Volume

0

Total

0

e)

Aggregated information 


Price

6.06

Volume

571,500

Total

3,463,290

f)

Date of the transactions

31 January 2024

g)

Place of the transaction

NYSE

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

84,672 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

6.0287

Volume

84,672

Total

510,462.09

e)

Aggregated information 


Price

6.0287

Volume

84,672

Total

510,462.09

f)

Date of the transactions

1 February 2024

g)

Place of the transaction

NYSE

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

87,655 shares sold to satisfy the tax withholding requirement arising from the vesting of restricted shares granted to the reporting person under the Plan.

 

Shares Granted or Vested

c)

Currency

USD

Price

0

Volume

0

Total

0

Shares sold or withheld

d)

Currency

USD

Price

5.8388

Volume

87,655

Total

511,800.01

e)

Aggregated information 


Price

5.8388

Volume

87,655

Total

511,800.01

f)

Date of the transactions

2 February 2024

g)

Place of the transaction

NYSE

 

 

 

 

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