Frank De Costanzo - Jan 2, 2023 Form 4 Insider Report for Eagle Bulk Shipping Inc. (EGLE)

Role
Chief Financial Officer
Signature
/s/ Frank De Costanzo
Stock symbol
EGLE
Transactions as of
Jan 2, 2023
Transactions value $
-$152,167
Form type
4
Date filed
1/4/2023, 06:59 PM
Previous filing
Sep 8, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise +1.35K +2.71% 51.3K Jan 2, 2023 Direct F1
transaction EGLE Common Stock Tax liability -$31K -620 -1.21% $49.94 50.7K Jan 2, 2023 Direct F2
transaction EGLE Common Stock Tax liability -$121K -2.43K -4.79% $49.94 48.3K Jan 2, 2023 Direct F3

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 Options Exercise $0 -1.35K -33.33% $0.00 2.71K Jan 2, 2023 Common Stock 1.35K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award was granted on March 11, 2022. The award vests in three substantially equal installments on January 2, 2023, January 2, 2024 and January 2, 2025.
F2 Represents the withholding of shares to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units awarded on March 11, 2022.
F3 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 May 14, 2020 and February 19, 2021.