Frank de Costanzo - 08 Mar 2023 Form 4 Insider Report for Eagle Bulk Shipping Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
08 Mar 2023, 19:54:02 UTC
Prior SEC filing
04 Jan 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Frank De Costanzo

Key filing fact

Frank de Costanzo filed Form 4 for Eagle Bulk Shipping Inc. on 08 Mar 2023.

Key facts

  • This page summarizes Frank de Costanzo's Form 4 filing for Eagle Bulk Shipping Inc..
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 08 Mar 2023, 19:54.

Change

  • Previous filing in this sequence was filed on 04 Jan 2023.
  • Current net transaction value: -$79,024.

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

Options Exercise

Transaction value
Shares
+3,153
Change %
+6.5%
Price
Shares after
51,412
Date
08 Mar 2023
Ownership
Direct
Footnotes
F1
EGLE transaction

Common Stock

Tax liability

Transaction value
$79,024
Shares
-1,446
Change %
-2.8%
Price
$54.65
Shares after
49,966
Date
08 Mar 2023
Ownership
Direct
Footnotes
F2

Reported derivative securities

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

EGLE transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+9,461
Change %
Price
$0.000000
Shares after
9,461
Date
08 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,461
Exercise price
Footnotes
F1, F3
EGLE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-3,153
Change %
-33%
Price
$0.000000
Shares after
6,308
Date
08 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,153
Exercise price
Footnotes
F1
* 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

This award of performance-vested restricted stock units was granted on March 11, 2022 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 March 8, 2023, January 2, 2024 and January 2, 2025.

Footnote 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.

Footnote F3

On March 8, 2023, the Compensation Committee of the Board of Directors of Eagle Bulk Shipping Inc. (the "Issuer") certified that certain performance criteria for the performance-vested restricted stock units granted under the Issuer's 2016 Equity Incentive Plan to Frank De Costanzo, the Issuer's Chief Financial Officer, on March 11, 2022 had been met and 9,461 restricted stock units may become vested.

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