Kramer Jeremy 4
Research Summary
AI-generated summary
DHT Director Jeremy Kramer Converts RSUs, Receives Award
What Happened
- Jeremy Kramer, a director of DHT Holdings (DHT), had restricted stock units (RSUs) that vested and converted into shares on June 2, 2026. The Form 4 shows (1) 29,796 shares acquired by conversion (derivative M) at $0.00, (2) a simultaneous disposition of 29,796 shares (derivative M) at $0.00, and (3) 4,796 shares acquired as an award/grant (A) at $0.00. The $0.00 price indicates conversion/settlement of RSUs rather than a cash purchase or market sale.
Key Details
- Transaction date: June 2, 2026; Form filed June 4, 2026 (appears timely).
- Reported entries: 29,796 shares acquired (conversion), 29,796 shares disposed (conversion), and 4,796 shares acquired (award/dividend equivalents); all at $0.00.
- Shares owned after transaction: Not specified in the filing provided.
- Footnotes: F1 = dividend equivalents accrued and converted into additional RSUs; F2 = RSUs were granted Jan 6, 2025 and fully vested June 2, 2026; each RSU settled into one share (or cash equivalent).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); A = award/grant.
Context
- This filing reflects RSU vesting and settlement. The matching acquisition and disposition of 29,796 shares is consistent with net settlement or share surrender/withholding at vesting (common for tax withholding), while 4,796 shares reflect dividend-equivalent units that converted into shares at settlement.
- Because this was a conversion/settlement of awards (not an open-market purchase or discretionary sale), it should be interpreted as routine compensation settlement rather than a clear buy/sell signal.