Constantine Tsoutsoplides - 24 Feb 2024 Form 4 Insider Report for Eagle Bulk Shipping Inc.

Role
Chief Financial Officer
Signature
/s/ Constantine Tsoutsoplides
Issuer symbol
N/A
Transactions as of
24 Feb 2024
Net transactions value
-$29,951
Form type
4
Filing time
27 Feb 2024, 18:14:50 UTC
Previous filing
19 Dec 2023
Next filing
11 Apr 2024
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 +989 +10% 10,618 24 Feb 2024 Direct F1
transaction EGLE Common Stock Tax liability $29,951 -491 -4.6% $61.00 10,127 24 Feb 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 +2,968 $0.000000 2,968 24 Feb 2024 Common Stock 2,968 Direct F1, F3
transaction EGLE Restricted Stock Units Options Exercise $0 -989 -33% $0.000000 1,979 24 Feb 2024 Common Stock 989 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 April 1, 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 Constantine Tsoutsoplides, the Issuer's Chief Financial Officer, on April 1, 2023 had been met and 2,968 restricted stock units may become vested.