Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OSG | Class A Common Stock | Award | $0 | +47.2K | +14.43% | $0.00 | 375K | Feb 27, 2024 | Direct | F1, F2 |
transaction | OSG | Class A Common Stock | Tax liability | -$66.1K | -12.5K | -3.35% | $5.27 | 362K | Feb 27, 2024 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OSG | Performance Restricted Stock Units | Options Exercise | $0 | -23.9K | -51.81% | $0.00 | 22.2K | Feb 27, 2024 | Class A Common Stock | 22.2K | $0.00 | Direct | F2 |
transaction | OSG | Performance Restricted Stock Units | Options Exercise | $0 | -23.9K | -48.78% | $0.00 | 25.1K | Feb 27, 2024 | Class A Common Stock | 25.1K | $0.00 | Direct | F1 |
Id | Content |
---|---|
F1 | Represents vesting of performance-based restricted stock units ("PRSU") granted on March 23, 2021, pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. On February 27, 2024, the Compensation Committee certified at 105% achievement these PRSU awards based on the Company's three-year total shareholder return ("TSR") relative to the three-year TSR of the index chosen, with the performance period ended 12/31/2023. Each unit represents the right to acquire one share of Class A Common Stock. |
F2 | Represents vesting of performance-based restricted stock units ("PRSU") granted on March 23, 2021, pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. On February 27, 2024, the Compensation Committee certified at 93% achievement these PRSU awards based on the Company's cumulative return on invested capital ("ROIC") relative to the Company's budgeted ROIC for the three-year performance period ended 12/31/2023. Each unit represents the right to acquire one share of Class A Common Stock. |
F3 | 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 PRSUs described in Footnotes (1) & (2). |