Performance Shipping director reports indirect holdings
Performance Shipping Inc. director Aliki Paliou filed an initial ownership report showing indirect holdings in both preferred and common equity.
Rhea-AI Filing Summary
Performance Shipping Inc. director Aliki Paliou filed an initial ownership report showing indirect holdings in both preferred and common equity. Through Mango Shipping Corp., she indirectly holds Series C Preferred Shares convertible into 24,268,863 common shares and 280 common shares. Through Mitzela Corp., controlled by her spouse, she indirectly holds Series C Preferred Shares convertible into 1,039,979 common shares and 420 common shares. Each Series C Preferred Share is convertible into common shares based on a $25.00 preference amount and a $1.3576 per-share conversion price, with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Paliou Aliki
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series C Preferred Shares | -- | -- | -- |
| holding | Series C Preferred Shares | -- | -- | -- |
| holding | Common shares, par value $0.01 | -- | -- | -- |
| holding | Common shares, par value $0.01 | -- | -- | -- |
Holdings After Transaction:
Series C Preferred Shares — 24,268,863 contracts (Indirect, Held through Mango Shipping Corp.);
Series C Preferred Shares — 1,039,979 contracts (Indirect, Held by spouse through Mitzela Corp.);
Common shares, par value $0.01 — 280 shares (Indirect, Held through Mango Shipping Corp.);
Common shares, par value $0.01 — 420 shares (Indirect, Held by spouse through Mitzela Corp.)
Footnotes (5)
- F1. Aliki Paliou owns and controls Mango Shipping Corp.
- F2. Aliki Paliou's spouse, Andreas Michalopoulos, is an officer and director of the Issuer and owns and controls Mitzela Corp.
- F3. The Series C Preferred Shares are convertible into the Issuer's Common Shares at any time at the option of the Reporting Person.
- F4. The Series C Preferred Shares have no expiration date.
- F5. Each Series C Preferred Share is convertible into a number of shares of Issuer's Common Stock determined by dividing (i) $25.00 plus the amount of any accrued and unpaid dividends thereon by (ii) a conversion price of $1.3576 per Common Share, subject to adjustment from time to time.
Key Figures
Underlying common shares via Mango Shipping Corp.: 24,268,863 shares
Underlying common shares via Mitzela Corp.: 1,039,979 shares
Indirect common shares via Mango Shipping Corp.: 280 shares
+3 more
6 metrics
Underlying common shares via Mango Shipping Corp.
24,268,863 shares
Common shares underlying Series C Preferred Shares held indirectly
Underlying common shares via Mitzela Corp.
1,039,979 shares
Common shares underlying Series C Preferred Shares held indirectly by spouse
Indirect common shares via Mango Shipping Corp.
280 shares
Common shares, par value $0.01, held indirectly
Indirect common shares via Mitzela Corp.
420 shares
Common shares, par value $0.01, held indirectly by spouse
Preferred share reference amount
$25.00
Amount plus accrued and unpaid dividends used in conversion formula
Conversion price per common share
$1.3576 per share
Conversion price used to determine common shares from each Series C Preferred Share
Key Terms
Series C Preferred Shares, Common shares, par value $0.01, conversion price, indirect, +1 more
5 terms
conversion price financial
"by (ii) a conversion price of $1.3576 per Common Share"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
indirect financial
""ownership_type": "indirect""
expiration date financial
"The Series C Preferred Shares have no expiration date."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Performance Shipping (PSHG) director Aliki Paliou report in this Form 3?
The filing reports Aliki Paliou’s initial indirect ownership in Performance Shipping securities. She discloses Series C Preferred Shares and common shares held through Mango Shipping Corp. and Mitzela Corp., providing a baseline of her and her spouse’s equity-linked position in the company.
Does this Performance Shipping (PSHG) Form 3 show any insider buying or selling activity?
The Form 3 presents holdings rather than transactions, listing indirect positions in preferred and common shares. It does not classify any entry as a purchase or sale, instead establishing the director’s and her spouse’s existing equity-linked interests as of the reported date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
