Edvardsen Svenn Magne 4
Research Summary
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DHT Technical Director Edvardsen Converts RSUs, Disposes Shares
What Happened Svenn Magne Edvardsen, Technical Director of DHT Holdings (DHT), reported that on 2026-06-16 a portion of his restricted stock units (RSUs) vested and converted into shares. The filing shows an exercise/conversion of 6,795 derivative units that were acquired and simultaneously disposed (both reported at $0.00), and an additional 545 shares acquired related to dividend equivalents (reported at $0.00). The reported dollar consideration for these transactions is $0.
Key Details
- Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (appears timely).
- Reported transactions:
- M (exercise/conversion): 6,795 shares acquired @ $0.00; 6,795 shares disposed @ $0.00.
- A (grant/award): 545 shares acquired @ $0.00 (derivative).
- Total cash consideration reported: $0.00.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = dividend equivalents converted into additional RSUs; F2 = RSUs granted Jan 6, 2026, a portion vested on June 16, 2026 based on performance and converted to shares at settlement. Remaining RSUs vest later, with 6,250 units subject to market conditions through Dec 31, 2028.
Context These entries reflect RSU vesting and settlement rather than an open-market purchase. The filing shows both conversion into shares and a same-day disposition of those shares; filings that report $0.00 for consideration commonly indicate share conversion/settlement mechanics (for example, settlement or tax-withholding transfers) rather than a cash purchase or market sale. The 545 shares reflect dividend equivalents that were converted into additional RSUs upon vesting.