4//SEC Filing
STEVENSON CRAIG H JR 4
Accession 0000919574-21-004617
CIK 0001761940other
Filed
Jul 19, 8:00 PM ET
Accepted
Jul 20, 9:04 PM ET
Size
25.2 KB
Accession
0000919574-21-004617
Insider Transaction Report
Form 4
STEVENSON CRAIG H JR
DirectorCEO, President
Transactions
- Tax Payment
Common Stock
2021-07-16$9.69/sh−19,799$191,852→ 263,863 total - Tax Payment
Common Stock
2021-07-16$9.69/sh−20,974$203,238→ 231,592 total - Exercise/Conversion
Common Stock
2021-07-16+43,066→ 274,658 total - Exercise/Conversion
Performance Restricted Stock Unit
2021-07-16−53,300→ 0 total→ Common Stock (53,300 underlying) - Tax Payment
Common Stock
2021-07-16$9.69/sh−11,297$109,468→ 252,566 total - Disposition to Issuer
Common Stock
2021-07-16−207,812→ 0 total(indirect: Held by limited liability company) - Exercise/Conversion
Common Stock
2021-07-16+53,300→ 311,012 total - Disposition to Issuer
Common Stock
2021-07-16−290,038→ 0 total - Exercise/Conversion
Performance Restricted Stock Unit
2021-07-16−43,066→ 53,300 total→ Common Stock (43,066 underlying) - Tax Payment
Common Stock
2021-07-16$9.69/sh−16,946$164,207→ 257,712 total
Footnotes (13)
- [F1]Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of 50,316 restricted shares granted to the Reporting Person on May 15, 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]These shares of common stock are held by Pecos Shipping LLC, of which Mr. Stevenson is the controlling member. The filing of this Form 4 should not be deemed an admission that Mr. Stevenson is the beneficial owner of these 207,812 shares of common stock, except to the extent of his pecuniary interest.
- [F11]Each PSU represents a contingent right to receive one share of the Company's common stock.
- [F12]The PSU award was granted on April 30, 2020 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan and vested in full on July 16, 2021.
- [F13]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 28,711 restricted shares granted to the Reporting Person on April 30, 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 53,300 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 30, 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 30, 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 160,608 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]Disposed of in exchange for 115,075 shares of INSW common stock in connection with the closing of the merger of INSW and the Company pursuant to the ISNW Merger Agreement.
Documents
Issuer
Diamond S Shipping Inc.
CIK 0001761940
Entity typeother
Related Parties
1- filerCIK 0001088231
Filing Metadata
- Form type
- 4
- Filed
- Jul 19, 8:00 PM ET
- Accepted
- Jul 20, 9:04 PM ET
- Size
- 25.2 KB