Costamare (NYSE: CMRE) CEO logs 74,800-share internal restructuring on Form 4
Rhea-AI Filing Summary
Costamare Inc. Chairman and CEO Konstantinos Konstantakopoulos reported an "other" insider transaction involving 74,800 common shares. The filing describes a quarterly share distribution under an Amended and Restated Services Agreement to Costamare Shipping Services Ltd., an entity in which he owns 50%.
This code J transaction reflects an internal restructuring or distribution of indirect holdings rather than an open-market trade. After the reported updates, he holds 13,973,469 Costamare common shares directly, alongside several sizable indirect positions through entities he owns.
Positive
- None.
Negative
- None.
Insights
Filing shows internal share distribution, not open-market trading.
The Form 4 for Costamare Inc. shows a code J transaction involving 74,800 common shares. Footnotes explain this as a quarterly share distribution under an Amended and Restated Services Agreement to Costamare Shipping Services Ltd., 50% owned by the reporting person.
Code J typically signals "other" acquisitions or dispositions such as restructurings, not market buys or sells. The filing also lists substantial direct holdings of 13,973,469 shares and several large indirect blocks via entities he owns, indicating the transaction is modest relative to his overall position.
Because the activity is contractual and internal to related entities, it looks more like routine equity distribution linked to services than a directional signal on the stock. Future company filings may provide additional detail on ongoing quarterly share distributions under this agreement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.0001 per share | 74,800 | $0.00 | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
Footnotes (1)
- Quarterly share distribution pursuant to the Amended and Restated Services Agreement dated May 6, 2025 to Costamare Shipping Services Ltd., of which the reporting person is a 50% owner. The reported shares are owned directly by Costamare Shipping Company S.A., an entity owned by the reporting person. The reported shares are owned directly by Longshaw Maritime Investments S.A., an entity owned by the reporting person. The reported shares are owned directly by Kent Maritime Investments S.A., an entity owned by the reporting person.
Key Figures
Key Terms
Form 4 regulatory
transaction code J regulatory
indirect ownership financial
Amended and Restated Services Agreement financial
FAQ
What insider transaction did Costamare (CMRE) disclose for its CEO?