Gary Vogel - 06 Mar 2023 Form 4 Insider Report for Eagle Bulk Shipping Inc.

Role
Chief Executive Officer, Director
Signature
/s/ Gary Vogel
Issuer symbol
N/A
Transactions as of
06 Mar 2023
Net transactions value
-$182,804
Form type
4
Filing time
08 Mar 2023, 19:53:03 UTC
Previous filing
04 Jan 2023
Next filing
27 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise +7,218 +5.1% 149,999 08 Mar 2023 Direct F1
transaction EGLE Common Stock Tax liability $182,804 -3,345 -2.2% $54.65 146,654 08 Mar 2023 Direct F2

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 +8,490 $0.000000 8,490 06 Mar 2023 Common Stock 8,490 Direct F3, F4
transaction EGLE Restricted Stock Units Award $0 +21,658 $0.000000 21,658 08 Mar 2023 Common Stock 21,658 Direct F1, F5
transaction EGLE Restricted Stock Units Options Exercise $0 -7,218 -33% $0.000000 14,440 08 Mar 2023 Common Stock 7,218 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award of performance-vested restricted stock units was granted on March 11, 2022 and certain performance criteria was certified as described in footnote (5) below. Following the certification of performance criteria, the award vests in three substantially equal installments on March 8, 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 on March 8, 2023.
F3 On March 6, 2023, Eagle Bulk Shipping Inc. (the "Issuer") granted to Gary Vogel, the Issuer's Chief Executive Officer, 8,490 restricted stock units under the Issuer's 2016 Equity Incentive Plan.
F4 The restricted stock units vest in three substantially equal installments on January 2, 2024, January 2, 2025 and January 2, 2026.
F5 On March 8, 2023, the Compensation Committee of the Board of Directors of the Issuer certified that certain performance criteria for the performance-vested restricted stock units granted under the Issuer's 2016 Equity Incentive Plan to Gary Vogel, the Issuer's Chief Executive Officer, on March 11, 2022 had been met and 21,658 restricted stock units may become vested.