Gary Vogel - Nov 15, 2022 Form 4 Insider Report for Eagle Bulk Shipping Inc. (EGLE)

Role
Chief Executive Officer, Director
Signature
/s/ Gary Vogel
Stock symbol
EGLE
Transactions as of
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 05:28 PM
Previous filing
Sep 8, 2022
Next filing
Dec 23, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EGLE Restricted Stock Units Award $0 +38K $0.00 38K Nov 15, 2022 Common Stock 38K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest in a single installment on the date that is 42 months following the Date of Grant (as defined below) or May 15, 2026. Upon settlement, the vested restricted stock units shall be settled in one share of common stock for each such restricted stock unit or, if determined by the administrator of the Plan (as defined below), in a cash payment equal to the fair market value of one share of common stock for each such restricted stock unit.
F2 On November 15, 2022 (the "Date of Grant"), the Board of Directors of Eagle Bulk Shipping Inc. (the "Issuer") granted to Gary Vogel, the Issuer's Chief Executive Officer, 38,045 restricted stock units under the Issuer's 2016 Equity Incentive Plan (the "Plan").