Diana Shipping (NYSE: DSX) CEO details indirect stock and warrant holdings
Rhea-AI Filing Summary
Diana Shipping Inc. director and Chief Executive Officer Semiramis Paliou filed an initial statement of beneficial ownership. The Form 3 shows she indirectly holds common stock and warrants through 4 Sweet Dreams S.A. and Tuscany Shipping Corp., over which she can control voting and disposition.
The filing notes 3,585,820 indirectly held shares awarded under the company’s 2014 Equity Incentive Plan that remain unvested. It also describes warrants received as part of a December 14, 2023 warrant distribution dividend, which entitle her entities to additional common shares upon exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Paliou Semiramis
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Warrants — 5,931,386 shares (Indirect, See footnote);
Common Stock, $0.01 par value per share — 21,878,174 shares (Indirect, See footnote)
Footnotes (4)
- F1. The shares are held by the Reporting Person indirectly through 4 Sweet Dreams, S.A. ("4SD") as the result of her ability to control the vote and disposition of 4SD. This amount Includes 3,585,820 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.
- F2. The shares are held by the Reporting Person indirectly through Tuscany Shipping Corp. ("Tuscany") as the result of her ability to control the vote and disposition of Tuscany.
- F3. 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 807,612 warrants through 4SD in the Warrant Distribution which entitles her to 1,357,975 shares of common stock issuable upon the exercise of the warrants.
- F4. 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 2,719,889 warrants through Tuscany in the Warrant Distribution which entitles her to 4,573,411 shares of common stock issuable upon the exercise of the warrants.
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FAQ
What does the Diana Shipping (DSX) Form 3 filing by CEO Semiramis Paliou show?
The Form 3 shows Semiramis Paliou’s initial beneficial ownership in Diana Shipping. It reports indirect holdings of common stock and warrants through controlled entities, plus a large unvested equity award under the 2014 Equity Incentive Plan, establishing her equity stake at the time of reporting.
What warrant distribution is disclosed for Diana Shipping (DSX) in this Form 3?
The filing describes a December 14, 2023 warrant distribution dividend to shareholders of record on December 6, 2023. Shareholders received one-fifth of a warrant per common share, and Paliou’s controlled entities received warrants based on their existing holdings at that record date.