Diana Shipping (NYSE: DSX) director updates 5.96M-share indirect stake
Rhea-AI Filing Summary
Diana Shipping Inc. director Symeon Palios filed an amended initial ownership report to reflect a transfer of his holdings from Taracan Investments S.A., a wholly owned entity, to Limon Compania Financiera S.A., which he controls.
As of April 22, 2026, he indirectly reported 5,963,837 shares of common stock held through Limon, including 2,051,912 unvested shares awarded under the 2014 Equity Incentive Plan. He also indirectly holds 707, 439 warrants through Limon from a December 14, 2023 warrant dividend, exercisable for 1,189,537 shares of common stock.
Positive
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Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Palios Symeon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants F2 | -- | -- | -- |
| holding | Common Stock, $0.01 par value per share F1 | -- | -- | -- |
Holdings After Transaction:
Warrants — 1,189,537 shares (Indirect, See footnote);
Common Stock, $0.01 par value per share — 5,963,837 shares (Indirect, See footnote)
Footnotes (2)
- F1. The shares are held by the Reporting Person indirectly through Limon Compania Financiera S.A. ("Limon") as the result of his ability to control the vote and disposition of Limon. This amount Includes 2,051,912 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.
- F2. On December 14, 2023, the Issuer distributed a dividend to all shareholders as of the record date, December 6, 2023 (the "Warrant Distribution"). The Issuer distributed one-fifth of a warrant for each issued and outstanding Common Share. The Reporting person currently owns 707, 439 warrants through Limon in the Warrant Distribution which entitles him to 1,189,537 shares of common stock issuable upon the exercise of the warrants.
Key Figures
Indirect common shares: 5,963,837 shares
Unvested equity awards: 2,051,912 shares
Warrants held via Limon: 707, 439 warrants
+3 more
6 metrics
Indirect common shares
5,963,837 shares
Indirectly held through Limon Compania Financiera S.A. as of April 22, 2026
Unvested equity awards
2,051,912 shares
Awarded to the reporting person under the 2014 Equity Incentive Plan and currently unvested
Warrants held via Limon
707, 439 warrants
Warrants held through Limon from the December 14, 2023 Warrant Distribution
Shares issuable from warrants
1,189,537 shares
Common stock issuable upon exercise of warrants held indirectly through Limon
Warrant distribution date
December 14, 2023
Date the warrant dividend was distributed to shareholders
Warrant record date
December 6, 2023
Record date for shareholders entitled to receive the Warrant Distribution
Key Terms
2014 Equity Incentive Plan, Warrant Distribution, record date, Common Share
4 terms
2014 Equity Incentive Plan financial
"awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan"
Warrant Distribution financial
"as of the record date, December 6, 2023 (the "Warrant Distribution")."
record date financial
"distributed a dividend to all shareholders as of the record date, December 6, 2023"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Diana Shipping (DSX) Form 3/A filed by Symeon Palios report?
It reports updated indirect ownership after transferring holdings from Taracan Investments S.A. to Limon Compania Financiera S.A., showing his controlled common stock and warrant positions in Diana Shipping Inc. as of April 22, 2026.
What warrant distribution affecting Diana Shipping (DSX) is described in the filing?
On December 14, 2023, Diana Shipping distributed a warrant dividend of one-fifth of a warrant per Common Share to shareholders of record on December 6, 2023, referred to as the “Warrant Distribution” in the disclosure.
Are Symeon Palios’s DSX holdings reported as direct or indirect ownership?
They are reported as indirect ownership through Limon Compania Financiera S.A., which he controls. The filing notes his ability to control Limon’s voting and disposition of the Diana Shipping securities it holds.