Nordic American Tankers (NAT) CEO receives 100,000-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nordic American Tankers Ltd reported that Chief Executive Officer Herbjorn Hansson received a grant of 100,000 shares of common stock at a reference price of $5.26 per share. Following this award, he directly owns 5,600,000 common shares, indicating this is a compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hansson Herbjorn
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 100,000 | $5.26 | $526K |
Holdings After Transaction:
Common Stock — 5,600,000 shares (Direct, null)
Footnotes (1)
Key Figures
Shares granted: 100,000 shares
Grant price: $5.26 per share
Shares owned after grant: 5,600,000 shares
+1 more
4 metrics
Shares granted
100,000 shares
Common Stock grant on 2026-06-03
Grant price
$5.26 per share
Reference price for stock grant
Shares owned after grant
5,600,000 shares
Total direct common stock holdings post-transaction
Transaction type
Grant, award, or other acquisition
Form 4 code A, non-derivative common stock
Key Terms
Grant, award, or other acquisition, Common Stock, non-derivative, direct ownership
4 terms
Grant, award, or other acquisition financial
"The transaction is described as a grant, award, or other acquisition of common stock."
Common Stock financial
"The reported security title for the transaction is Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
"The transaction is classified as non-derivative, involving direct common stock rather than options or warrants."
direct ownership financial
"Ownership is reported as direct, with the code D indicating direct ownership of the shares."
FAQ
What insider transaction did NAT CEO Herbjorn Hansson report?
Herbjorn Hansson reported receiving a grant of 100,000 NAT common shares. The award was recorded at a price of $5.26 per share and is categorized as a grant, award, or other acquisition rather than an open-market stock purchase.
Was the NAT CEO’s recent Form 4 transaction a stock purchase or a grant?
The transaction was a share grant, not an open-market stock purchase. It is classified as a “Grant, award, or other acquisition,” reflecting compensation-related stock issuance rather than a discretionary buy in the market by the CEO.
Does the NAT Form 4 filing show any insider stock sales?
The Form 4 discloses no insider stock sales by the CEO. It reports only one transaction: an acquisition classified as a grant, award, or other acquisition of 100,000 common shares, with no dispositions or derivative exercises listed in the transaction summary.