Gary Vogel - Mar 6, 2023 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
Mar 6, 2023
Transactions value $
-$182,804
Form type
4
Date filed
3/8/2023, 07:53 PM
Previous filing
Jan 4, 2023
Next filing
Jun 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise +7.22K +5.06% 150K Mar 8, 2023 Direct F1
transaction EGLE Common Stock Tax liability -$183K -3.35K -2.23% $54.65 147K Mar 8, 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 +8.49K $0.00 8.49K Mar 6, 2023 Common Stock 8.49K Direct F3, F4
transaction EGLE Restricted Stock Units Award $0 +21.7K $0.00 21.7K Mar 8, 2023 Common Stock 21.7K Direct F1, F5
transaction EGLE Restricted Stock Units Options Exercise $0 -7.22K -33.33% $0.00 14.4K Mar 8, 2023 Common Stock 7.22K 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.