Kilcullen Kevin M 4
4 · Diamond S Shipping Inc. · Filed Jul 20, 2021
Insider Transaction Report
Form 4
Kilcullen Kevin M
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2021-07-16$9.69/sh−5,930$57,462→ 66,021 total - Disposition to Issuer
Common Stock
2021-07-16−79,860→ 0 total - Exercise/Conversion
Performance Restricted Stock Unit
2021-07-16−24,752→ 0 total→ Common Stock (24,752 underlying) - Tax Payment
Common Stock
2021-07-16$9.69/sh−11,009$106,677→ 55,012 total - Exercise/Conversion
Performance Restricted Stock Unit
2021-07-16−20,000→ 24,752 total→ Common Stock (20,000 underlying) - Exercise/Conversion
Common Stock
2021-07-16+24,752→ 90,869 total - Tax Payment
Common Stock
2021-07-16$9.69/sh−8,895$86,193→ 66,117 total - Exercise/Conversion
Common Stock
2021-07-16+20,000→ 75,012 total - Tax Payment
Common Stock
2021-07-16$9.69/sh−6,993$67,762→ 71,951 total
Footnotes (11)
- [F1]Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of 15,724 restricted shares granted to the Reporting Person on May 10, 2019, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
- [F10]The PSU award was granted on April 28, 2020 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan and vested in full on July 16, 2021.
- [F11]The PSU award was granted on March 18, 2021 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan and vested in full on July 16, 2021.
- [F2]Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of 13,334 restricted shares granted to the Reporting Person on April 28, 2020, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
- [F3]Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of 24,752 restricted shares granted to the Reporting Person on March 18, 2021, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
- [F4]Represents shares acquired by the Reporting Person in connection with the vesting of the performance restricted stock unit ("PSU") award that was granted on April 28, 2020 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan.
- [F5]Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of the PSU award granted to the Reporting Person on April 28, 2020, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
- [F6]Represents shares acquired by the Reporting Person in connection with the vesting of the PSU award that was granted on March 18, 2021 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan.
- [F7]Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of the PSU award granted to the Reporting Person on March 18, 2021, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
- [F8]Disposed of in exchange for 44,222 shares of International Seaways, Inc. ("INSW") common stock in connection with the closing of the merger of INSW and the Company pursuant to that certain Agreement and Plan of Merger dated March 30, 2021, by and among INSW, the Company and Dispatch Transaction Sub, Inc. (the "INSW Merger Agreement").
- [F9]Each PSU represents a contingent right to receive one share of the Company's common stock.