0001628280-23-042003.txt : 20231219
0001628280-23-042003.hdr.sgml : 20231219
20231219170046
ACCESSION NUMBER: 0001628280-23-042003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231215
FILED AS OF DATE: 20231219
DATE AS OF CHANGE: 20231219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tsoutsoplides Constantine
CENTRAL INDEX KEY: 0001969922
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33831
FILM NUMBER: 231498247
MAIL ADDRESS:
STREET 1: C/O EAGLE BULK SHIPPING INC.
STREET 2: 300 FIRST STAMFORD PLACE
CITY: STAMFORD
STATE: CT
ZIP: 06902
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Eagle Bulk Shipping Inc.
CENTRAL INDEX KEY: 0001322439
STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 980453513
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 300 FIRST STAMFORD PLACE
STREET 2: 5TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06902
BUSINESS PHONE: 203-276-8100
MAIL ADDRESS:
STREET 1: 300 FIRST STAMFORD PLACE
STREET 2: 5TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06902
4
1
wk-form4_1703023231.xml
FORM 4
X0508
4
2023-12-15
0
0001322439
Eagle Bulk Shipping Inc.
EGLE
0001969922
Tsoutsoplides Constantine
C/O EAGLE BULK SHIPPING INC.
300 FIRST STAMFORD PLACE, 5TH FLOOR
STAMFORD
CT
06902
0
1
0
0
Chief Financial Officer
0
Common Stock
2023-12-15
4
F
0
4174
54.68
D
7809
D
Common Stock
2023-12-19
4
M
0
3272
A
11081
D
Common Stock
2023-12-19
4
F
0
1452
54.41
D
9629
D
Restricted Stock Units
2023-12-19
4
M
0
3272
0
D
Common Stock
3272
0
D
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 January 2, 2021, February 11, 2022, and February 17, 2023. On December 15, 2023, in connection with the employment agreement entered into by and among the Issuer, Eagle Shipping International (USA) LLC and the reporting person on December 11, 2023, as reported on the Issuer's Form 8-K filed with the SEC on December 14, 2023, vesting of the reporting person's shares of restricted common stock that would have vested on January 2, 2024, January 2, 2025 and January 2, 2026 was accelerated, as previously approved by the Compensation Committee of the Issuer's Board of Directors. The total value of securities withheld was based on a price of $54.68 per share, the closing price of the Issuer's common stock on December 15, 2023.
This award was granted on April 1, 2023. On December 15, 2023, in connection with the employment agreement entered into by and among the Issuer, Eagle Shipping International (USA) LLC and the reporting person on December 11, 2023, as reported on the Issuer's Form 8-K filed with the SEC on December 14, 2023, vesting of the reporting person's restricted stock units that would have vested on January 2, 2024, January 2, 2025 and January 2, 2026 was accelerated, as previously approved by the Compensation Committee of the Issuer's Board of Directors. The shares of common stock in settlement of these restricted stock units were delivered to the reporting person on December 19, 2023.
Represents the withholding of shares to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units awarded on April 1, 2023. The total value of securities withheld was based on a price of $54.41 per share, the closing price of the Issuer's common stock on December 19, 2023.
/s/ Constantine Tsoutsoplides
2023-12-19