Gary Vogel - Feb 24, 2024 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
Feb 24, 2024
Transactions value $
-$72,590
Form type
4
Date filed
2/27/2024, 06:13 PM
Previous filing
Jan 4, 2024
Next filing
Apr 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise +2.57K +1.85% 142K Feb 24, 2024 Direct F1
transaction EGLE Common Stock Tax liability -$72.6K -1.19K -0.84% $61.00 140K Feb 24, 2024 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 +7.7K $0.00 7.7K Feb 24, 2024 Common Stock 7.7K Direct F1, F3
transaction EGLE Restricted Stock Units Options Exercise $0 -2.57K -33.33% $0.00 5.14K Feb 24, 2024 Common Stock 2.57K 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 6, 2023 and certain performance criteria was certified as described in footnote (3) below. Following the certification of performance criteria, the award vests in three substantially equal installments on February 24, 2024, January 2, 2025 and January 2, 2026.
F2 Represents the withholding of shares to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units on February 24, 2024.
F3 On February 24, 2024, the Compensation Committee of the Board of Directors of the Issuer certified that certain performance criteria for certain 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 6, 2023 had been met and 7,702 restricted stock units may become vested.