Nordic American Tankers Ltd (NYSE: NAT) – The Hansson family purchase more shares in NAT
Nordic American Tankers (NYSE: NAT) insiders — Founder/Chairman & CEO Herbjorn Hansson and Vice-Chair Alexander Hansson — each purchased 200,000 shares on March 3, 2026 at $5.7016 and $5.6959 per share respectively.
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Rhea-AI Summary
Nordic American Tankers (NYSE: NAT) insiders — Founder/Chairman & CEO Herbjorn Hansson and Vice-Chair Alexander Hansson — each purchased 200,000 shares on March 3, 2026 at $5.7016 and $5.6959 per share respectively.
After the buys the Hansson family holds 11,050,000 shares, representing 5.2% of outstanding shares, remaining the largest private shareholder group.
Positive
- Founder and Vice-Chair each purchased 200,000 shares
- Family ownership now 11,050,000 shares
- Hansson family holds 5.2% of outstanding shares
- Continues as the largest private shareholder group
Negative
- None.
Details
News Market Reaction – NAT
On Mar 3, the day this news came out, NAT closed 3.02% below the previous close.
Data tracked by StockTitan Argus for the Mar 3 session.
Key Figures
- CEO purchase size
- 200,000 shares
- Bought at $5.7016 per share on March 3, 2026
- CEO purchase price
- $5.7016 per share
- Insider open-market purchase
- CEO total holding
- 5,500,000 shares
- Post-transaction CEO ownership
- Vice-Chair purchase size
- 200,000 shares
- Bought at $5.6959 per share on March 3, 2026
- Vice-Chair purchase price
- $5.6959 per share
- Insider open-market purchase
- Vice-Chair total holding
- 5,550,000 shares
- Post-transaction Vice-Chair ownership
- Family total holding
- 11,050,000 shares
- Collective Hansson family ownership after purchases
- Ownership stake
- 5.2% of outstanding shares
- Family ownership percentage in NAT
Historical Context
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Strong Q4 TCE, net result, liquidity, and dividend highlighted.
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Announced $25M sale of debt-free 2003-built Suezmax tanker.
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Outlined sales, purchases, and newbuild orders in strong tanker market.
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Hansson family increased holdings and crossed 5% ownership threshold.
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Agreements to sell two tankers and prelim deal for two newbuildings.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Tuesday, March 3, 2026
Dear Shareholders and Investors,
I am pleased to disclose that I, as the Founder, Chairman & CEO of NAT, today have bought 200,000 shares at
Simultaneously, my son, Alexander Hansson, Vice-Chair of NAT has bought 200,000 shares at
Following this transaction, our family collectively owns 11,050,000 shares and has
As in the past, the Hansson family is the largest private shareholder group in the company.
Prospects for our group are good.
For further information on Nordic American Tankers, please see
For contacts, please see at the end of this communication.
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd. www.nat.bm
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.
Contacts:
Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391
Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171
FAQ
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