U.S. LNG Executives Cash Out $45 Million in Stock Options in Four Days

Three senior executives at Venture Global, Inc. (VG) exercised stock options between May 14 and 19 and immediately sold the acquired shares, generating roughly $45 million (about KRW 60 billion) in cash proceeds.

Chief Legal Officer Keith D. Larson exercised and sold approximately 1.11 million shares on May 14 and 15, realizing around $15 million (approximately KRW 20 billion), while retaining a portion of his remaining stock options.

Senior Vice President of Development Musser Fory exercised and sold 2 million shares on May 14 alone, securing about $26 million (roughly KRW 30 billion) in proceeds.

Chief Financial Officer Jonathan W. Thayer exercised and sold approximately 220,000 shares on May 18 and 19, raising around $3.5 million (about KRW 4 billion), and now holds only unexercised options without any common shares remaining.

In its Q1 2026 earnings release, Venture Global reported a significant increase in LNG export volumes and revenues, and disclosed new annual supply agreements exceeding 1 million tonnes with TotalEnergies and Vitol. These announcements drove the company’s share price up by about 20 percent last week.

Headquartered in Virginia, Venture Global is an LNG export company supplying customers worldwide through its Calcasieu Pass and Plaquemines LNG projects in Louisiana. The company is advancing large‐scale developments aimed at exceeding 100 million tonnes of annual liquefaction capacity.

In 2025, Venture Global’s LNG sales rose more than 180 percent year-over-year, and its revenues grew over 170 percent, positioning the firm as a fast-growing contender among U.S. LNG exporters.