Star Bulk Carriers Corp.·4

Jun 16, 2:01 PM ET

Reskos Nikolaos 4

Research Summary

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Updated

Star Bulk (SBLK) COO Nikolaos Reskos Receives Restricted Stock Award

What Happened

  • Nikolaos Reskos, Chief Operating Officer of Star Bulk Carriers Corp. (SBLK), received a grant of 48,100 restricted common shares on June 12, 2026. The shares are reported at $0.00 (grant award), so no purchase price was paid by the insider.
  • This is a compensation award (not an open-market buy or sale). The grant’s value for accounting/tax purposes may be reported elsewhere; the Form 4 lists the acquisition as an award rather than a purchase.

Key Details

  • Transaction date: June 12, 2026; Form 4 filed June 16, 2026 (filed timely).
  • Shares granted: 48,100 restricted common shares; reported price/value: $0.00 on the Form 4.
  • Vesting schedule (per footnote): 50% vest on Nov 20, 2026; 25% vest on May 20, 2027; remaining 25% vest on May 20, 2029, subject to the restricted stock agreement terms.
  • Shares owned following the transaction: not specified in the provided excerpt.
  • No 10b5-1 plan, tax-withholding, or sale reported in the excerpt — this is an equity award (transaction code A).

Context

  • Restricted stock awards are common executive compensation and do not necessarily signal a near-term buy or sell; vesting ties the award to continued service and possibly performance criteria per the agreement.
  • Because this was an award (not an open-market purchase), it should be interpreted as part of compensation rather than a direct expression of insider buying or selling preference.