Kilcullen Kevin M 4
4 · Diamond S Shipping Inc. · Filed Apr 30, 2020
Insider Transaction Report
Form 4
Kilcullen Kevin M
Chief Financial Officer
Transactions
- Award
Common Stock
2020-04-28+20,000→ 67,170 total - Award
Performance Restricted Stock Unit
2020-04-28+20,000→ 20,000 total→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]The award represents a grant of restricted shares pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan (the "2019 Equity Plan"). The award vests in three equal annual installments on each of the first three anniversaries of the award date so long as the Reporting Person continuously serves as an employee from the award date through each applicable vesting date (subject to certain exceptions, as described in the award agreement).
- [F2]Each performance restricted stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- [F3]The award represents a grant of PSUs pursuant to the 2019 Equity Plan. Under the terms of the award agreement, to the extent that the performance requirements are satisfied, the reporting person may receive up to 25,000 PSUs, which will vest on the third anniversary of the grant date and are determined based upon relative total shareholder return against certain peer tanker companies, measured over the period from January 1, 2020 to December 31, 2022.