Gary Vogel - Jan 2, 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
Jan 2, 2024
Transactions value $
-$497,740
Form type
4
Date filed
1/4/2024, 04:15 PM
Previous filing
Sep 6, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Tax liability -$166K -3.06K -2.26% $54.38 132K Jan 2, 2024 Direct F1
transaction EGLE Common Stock Options Exercise +3.1K +2.35% 135K Jan 2, 2024 Direct F2
transaction EGLE Common Stock Options Exercise +7.22K +5.35% 142K Jan 2, 2024 Direct F3
transaction EGLE Common Stock Options Exercise +2.83K +1.99% 145K Jan 2, 2024 Direct F4
transaction EGLE Common Stock Tax liability -$332K -6.1K -4.2% $54.38 139K Jan 2, 2024 Direct F5

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 Options Exercise $0 -3.1K -50% $0.00 3.1K Jan 2, 2024 Common Stock 3.1K Direct F2
transaction EGLE Restricted Stock Units Options Exercise $0 -7.22K -50% $0.00 7.22K Jan 2, 2024 Common Stock 7.22K Direct F3
transaction EGLE Restricted Stock Units Options Exercise $0 -2.83K -33.33% $0.00 5.66K Jan 2, 2024 Common Stock 2.83K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 February 19, 2021. The total value of securities withheld was based on a price of $54.38 per share, the closing price of the common stock on January 2, 2024.
F2 This award was granted on March 11, 2022. The award vests in three substantially equal installments on January 2, 2023, January 2, 2024 and January 2, 2025.
F3 This award of performance-vested restricted stock units was granted on March 11, 2022 and certain performance criteria with respect to this award was certified by the Compensation Committee of the Board of Directors of the Issuer on March 8, 2023. The award vests in three substantially equal installments on March 8, 2023, January 2, 2024 and January 2, 2025.
F4 This award was granted on March 6, 2023. The award vests in three substantially equal installments on January 2, 2024, January 2, 2025 and January 2, 2026.
F5 Represents the withholding of shares to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units awarded on March 11, 2022 and March 6, 2023. The total value of securities withheld was based on a price of $54.38 per share, the closing price of the common stock on January 2, 2024.