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DHT Holdings, Inc.·4

Jun 18, 8:24 AM ET

Halvorsen Laila Cecilie 4

Research Summary

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Updated

DHT (DHT) CFO Laila Halvorsen Exercises Derivatives, Receives RSUs

What Happened

  • Laila Halvorsen, Chief Financial Officer of DHT Holdings, had a set of derivative conversions/exercises on June 16, 2026 and also received vested restricted stock units. The Form 4 shows an exercise/conversion of 6,795 derivative units (code M) that were both acquired and immediately disposed, and an award/settlement of 545 shares (code A) from vested RSUs. All transactions are reported at $0 per share on the Form 4 (reflecting conversion/settlement reporting, not an open-market cash purchase or sale).

Key Details

  • Transaction date: 2026-06-16; Form filed: 2026-06-18 (timely filing).
  • Reported prices/values: $0.00 per share for all reported entries; reported cash value $0 (these entries represent conversion/settlement and award, not typical market trades).
  • Items reported:
    • Exercise/conversion (M): 6,795 shares acquired @ $0.00
    • Grant/award (A): 545 shares acquired @ $0.00 (derivative/RSU; footnote F1)
    • Exercise/conversion (M): 6,795 shares disposed @ $0.00 (derivative)
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Footnotes:
    • F1: Dividend equivalents were accrued and converted into additional RSUs on vesting.
    • F2: The RSUs were granted Jan 6, 2026; the portion shown fully vested June 16, 2026 after performance criteria were met. Each RSU converts to one share at settlement; remaining RSUs vest later, with 6,250 units subject to market conditions through 12/31/2028.
  • No indication in this filing of a 10b5-1 plan, gift, or late filing.

Context

  • The M code entries indicate exercise/conversion of derivatives (e.g., options or performance units). The fact that the same 6,795 units are both acquired and disposed on the Form often reflects a non-cash settlement or immediate transfer/settlement of exercised derivative units rather than a traditional market sale; the $0 reported price supports that this was a conversion/settlement event and an award settlement, not an open-market cash transaction.
  • For retail investors: awards and exercised/converted derivatives reported at $0 often reflect compensation settlement (vesting, tax withholding, or net settlement mechanics) and do not necessarily signal a buy/sell opinion by the insider.