Tsoutsoplides Constantine 4
4 · Eagle Bulk Shipping Inc. · Filed Dec 19, 2023
Insider Transaction Report
Form 4
Tsoutsoplides Constantine
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2023-12-19$54.41/sh−1,452$79,003→ 9,629 total - Exercise/Conversion
Restricted Stock Units
2023-12-19−3,272→ 0 total→ Common Stock (3,272 underlying) - Exercise/Conversion
Common Stock
2023-12-19+3,272→ 11,081 total - Tax Payment
Common Stock
2023-12-15$54.68/sh−4,174$228,234→ 7,809 total
Footnotes (3)
- [F1]Represents the withholding of shares to satisfy the reporting person's tax withholding obligation upon the vesting of shares of restricted common stock awarded on January 2, 2021, February 11, 2022, and February 17, 2023. On December 15, 2023, in connection with the employment agreement entered into by and among the Issuer, Eagle Shipping International (USA) LLC and the reporting person on December 11, 2023, as reported on the Issuer's Form 8-K filed with the SEC on December 14, 2023, vesting of the reporting person's shares of restricted common stock that would have vested on January 2, 2024, January 2, 2025 and January 2, 2026 was accelerated, as previously approved by the Compensation Committee of the Issuer's Board of Directors. The total value of securities withheld was based on a price of $54.68 per share, the closing price of the Issuer's common stock on December 15, 2023.
- [F2]This award was granted on April 1, 2023. On December 15, 2023, in connection with the employment agreement entered into by and among the Issuer, Eagle Shipping International (USA) LLC and the reporting person on December 11, 2023, as reported on the Issuer's Form 8-K filed with the SEC on December 14, 2023, vesting of the reporting person's restricted stock units that would have vested on January 2, 2024, January 2, 2025 and January 2, 2026 was accelerated, as previously approved by the Compensation Committee of the Issuer's Board of Directors. The shares of common stock in settlement of these restricted stock units were delivered to the reporting person on December 19, 2023.
- [F3]Represents the withholding of shares to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units awarded on April 1, 2023. The total value of securities withheld was based on a price of $54.41 per share, the closing price of the Issuer's common stock on December 19, 2023.