Weum Mikkel Storm 4
Research Summary
AI-generated summary
Star Bulk (SBLK) Director Mikkel Storm Receives Restricted Stock Award
What Happened
- Mikkel Storm, a director of Star Bulk Carriers Corp. (SBLK), was granted 1,760 shares of restricted stock on June 12, 2026. The shares were issued at $0.00 (no cash paid), so the immediate reported value of the award is $0.00. The grant is reported on a Form 4 filed June 16, 2026.
Key Details
- Transaction date: June 12, 2026; Form 4 filed: June 16, 2026
- Transaction type/code: Award/Grant (A) of restricted stock
- Shares granted: 1,760; per-share price reported: $0.00; total reported cash value: $0
- Vesting: The shares vest in full on November 20, 2026 (see footnote F1) and are subject to the terms of the restricted stock agreement
- Shares owned after the transaction: Not specified in the filing
- Footnote: F1 confirms the restricted stock agreement dated and effective June 12, 2026 and the Nov 20, 2026 vesting date
Context
- This was a compensation-related award, not an open-market purchase or sale. Restricted stock grants are typically tied to service or performance and do not necessarily signal the insider’s view of the stock; the shares are unvested until the stated vesting date and may be forfeited if vesting conditions are not met. Watch for future Form 4s if/when the shares vest or are sold.