Constantine Tsoutsoplides - 15 Dec 2023 Form 4 Insider Report for Eagle Bulk Shipping Inc.

Reporting relationship: Chief Financial Officer
Issuer ticker: N/A
Reported as of: 15 Dec 2023
Net transaction value: -$307,238
SEC form: 4
Accepted by SEC: 19 Dec 2023, 17:00:46 UTC
Prior SEC filing: 03 Apr 2023
Next SEC filing: 27 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Constantine Tsoutsoplides

Key filing fact

Constantine Tsoutsoplides filed Form 4 for Eagle Bulk Shipping Inc. on 19 Dec 2023.

Key facts

This page summarizes Constantine Tsoutsoplides's Form 4 filing for Eagle Bulk Shipping Inc..
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Dec 2023, 17:00.

Change

Previous filing in this sequence was filed on 03 Apr 2023.
Current net transaction value: -$307,238.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EGLE transaction

Common Stock

Tax liability

Transaction value: $228,234
Shares: -4,174
Change %: -35%
Price: $54.68
Shares after: 7,809
Date: 15 Dec 2023
Ownership: Direct
Footnotes: F1

EGLE transaction

Common Stock

Options Exercise

Transaction value
Shares: +3,272
Change %: +42%
Price
Shares after: 11,081
Date: 19 Dec 2023
Ownership: Direct
Footnotes: F2

EGLE transaction

Common Stock

Tax liability

Transaction value: $79,003
Shares: -1,452
Change %: -13%
Price: $54.41
Shares after: 9,629
Date: 19 Dec 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EGLE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,272
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,272
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

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 January 2, 2021, February 11, 2022, and February 17, 2023. On December 15, 2023, in connection with the employment agreement entered into by and among the Issuer, Eagle Shipping International (USA) LLC and the reporting person on December 11, 2023, as reported on the Issuer's Form 8-K filed with the SEC on December 14, 2023, vesting of the reporting person's shares of restricted common stock that would have vested on January 2, 2024, January 2, 2025 and January 2, 2026 was accelerated, as previously approved by the Compensation Committee of the Issuer's Board of Directors. The total value of securities withheld was based on a price of $54.68 per share, the closing price of the Issuer's common stock on December 15, 2023.

Footnote F2

This award was granted on April 1, 2023. On December 15, 2023, in connection with the employment agreement entered into by and among the Issuer, Eagle Shipping International (USA) LLC and the reporting person on December 11, 2023, as reported on the Issuer's Form 8-K filed with the SEC on December 14, 2023, vesting of the reporting person's restricted stock units that would have vested on January 2, 2024, January 2, 2025 and January 2, 2026 was accelerated, as previously approved by the Compensation Committee of the Issuer's Board of Directors. The shares of common stock in settlement of these restricted stock units were delivered to the reporting person on December 19, 2023.

Footnote F3

Represents the withholding of shares to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units awarded on April 1, 2023. The total value of securities withheld was based on a price of $54.41 per share, the closing price of the Issuer's common stock on December 19, 2023.