PetroTal CEO sells 2.2M shares to cover tax liabilities

PetroTal Corp.'s top executive, Manuel Pablo Zuniga-Pflucker, divested 2.2 million of the company's common shares to settle tax obligations tied to the vesting of Performance Share Units, the Calgary-based oil and gas company revealed. The shares were disposed of in two installments on August 31 and September 1, 2026, via the Toronto Stock Exchange.

Zuniga-Pflucker, who remains the President and Chief Executive Officer of PetroTal, now owns 10.8 million shares, in addition to 10.5 million Performance Share Units that can be converted into common shares. The shares were traded at an average price of C$0.51541 per share. PetroTal is a company specializing in oil exploration and production, with a full stake in the Bretaña Norte oil field in Peru's Block 95, where production commenced in June 2018.