4//SEC Filing
Sukhrani Sanjay 4
Accession 0000919574-21-004618
CIK 0001761940other
Filed
Jul 19, 8:00 PM ET
Accepted
Jul 20, 9:05 PM ET
Size
23.0 KB
Accession
0000919574-21-004618
Insider Transaction Report
Form 4
Sukhrani Sanjay
Chief Operating Officer
Transactions
- Exercise/Conversion
Performance Restricted Stock Unit
2021-07-16−21,422→ 26,513 total→ Common Stock (21,422 underlying) - Tax Payment
Common Stock
2021-07-16$9.69/sh−12,210$118,315→ 67,940 total - Disposition to Issuer
Common Stock
2021-07-16−93,800→ 0 total - Exercise/Conversion
Common Stock
2021-07-16+21,422→ 89,362 total - Tax Payment
Common Stock
2021-07-16$9.69/sh−9,865$95,592→ 79,497 total - Tax Payment
Common Stock
2021-07-16$9.69/sh−7,240$70,156→ 86,726 total - Tax Payment
Common Stock
2021-07-16$9.69/sh−6,576$63,721→ 80,150 total - Exercise/Conversion
Common Stock
2021-07-16+26,513→ 106,010 total - Exercise/Conversion
Performance Restricted Stock Unit
2021-07-16−26,513→ 0 total→ Common Stock (26,513 underlying)
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 14,282 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 26,513 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 51,941 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.
Documents
Issuer
Diamond S Shipping Inc.
CIK 0001761940
Entity typeother
Related Parties
1- filerCIK 0001601799
Filing Metadata
- Form type
- 4
- Filed
- Jul 19, 8:00 PM ET
- Accepted
- Jul 20, 9:05 PM ET
- Size
- 23.0 KB