4//SEC Filing
Mote Damon 4
Accession 0000950170-24-036754
CIK 0000075208other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 9:36 PM ET
Size
32.3 KB
Accession
0000950170-24-036754
Insider Transaction Report
Form 4
Mote Damon
VP & Chief Admin Officer
Transactions
- Tax Payment
Class A Common Stock
2024-03-22$6.29/sh−6,674$41,979→ 391,088 total - Tax Payment
Class A Common Stock
2024-03-22$6.29/sh−7,005$44,061→ 401,884 total - Tax Payment
Class A Common Stock
2024-03-22$6.29/sh−5,076$31,928→ 409,709 total - Award
Performance Restricted Stock Units
2024-03-22+15,334→ 15,334 total→ Class A Common Stock (15,334 underlying) - Award
Performance Restricted Stock Units
2024-03-22+15,334→ 15,334 total→ Class A Common Stock (15,334 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-22−15,908→ 0 total→ Class A Common Stock (15,908 underlying) - Exercise/Conversion
Class A Common Stock
2024-03-22+15,908→ 378,111 total - Award
Restricted Stock Units
2024-03-22+30,668→ 30,668 total→ Class A Common Stock (30,668 underlying) - Tax Payment
Class A Common Stock
2024-03-22$6.29/sh−3,874$24,367→ 374,237 total - Exercise/Conversion
Class A Common Stock
2024-03-22+23,525→ 397,762 total - Exercise/Conversion
Class A Common Stock
2024-03-22+17,801→ 408,889 total - Exercise/Conversion
Class A Common Stock
2024-03-22+12,901→ 414,785 total - Exercise/Conversion
Restricted Stock Units
2024-03-22−17,801→ 35,604 total→ Class A Common Stock (35,604 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-22−12,901→ 21,503 total→ Class A Common Stock (12,901 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-22−23,525→ 23,525 total→ Class A Common Stock (23,525 underlying)
Footnotes (7)
- [F1]Represents vesting of final installment of restricted stock units granted on March 23, 2021 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to one-third of the units granted on the first, second and third anniversaries of the date of grant. Each unit represents the right to acquire one share of OSG Class A Common Stock.
- [F2]Represents shares of Class A Common Stock withheld by the registrant in payment of the reporting person's tax withholding liability incurred as a result of the vesting of the Restricted Stock Units and Performance Restricted Stock Units.
- [F3]These restricted stock units were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
- [F4]These restricted stock units were granted on March 23, 2023 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
- [F5]Represents vesting of an installment of restricted stock units that were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to 20% of the units granted on the first anniversary, 30% on the second anniversary and 50% on the third anniversary, respectfully, of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
- [F6]These restricted stock units were granted on March 22, 2024 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest on December 31, 2026 (the end of the three-year performance period). Each unit represents the right to acquire one share of Class A Common Stock, subject to the satisfaction of the applicable performance goal. Settlement of the vested units may be in either shares of Class A Common Stock or cash, as determined by the Human Resources and Compensation Committee of the Board in its discretion.
- [F7]These restricted stock units were granted on March 22, 2024 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
Documents
Issuer
OVERSEAS SHIPHOLDING GROUP INC
CIK 0000075208
Entity typeother
Related Parties
1- filerCIK 0001692987
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 9:36 PM ET
- Size
- 32.3 KB