Star Bulk Carriers (SBLK) COO receives 48,100-share restricted stock grant with multi-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reskos Nikolaos reported acquisition or exercise transactions in this Form 4 filing.
Star Bulk Carriers Corp. reported that Chief Operating Officer Nikolaos Reskos received a grant of 48,100 common shares as restricted stock on June 12, 2026. The award was granted at no cash cost per share, as part of his compensation.
According to the grant terms, 50% of the restricted shares vest on November 20, 2026, 25% vest on May 20, 2027, and the remaining 25% vest on May 20, 2029, subject to the agreement’s conditions. After this award, Reskos directly holds 410,875 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reskos Nikolaos
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares, par value $0.01 per share | 48,100 | $0.00 | -- |
Holdings After Transaction:
Common shares, par value $0.01 per share — 410,875 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted shares granted: 48,100 shares
Price per granted share: $0.00 per share
Holdings after transaction: 410,875 shares
+3 more
6 metrics
Restricted shares granted
48,100 shares
Grant of restricted common shares on June 12, 2026
Price per granted share
$0.00 per share
Compensation grant, not a market purchase
Holdings after transaction
410,875 shares
Direct common share ownership following grant
Initial vesting tranche
50% of grant
Vests on November 20, 2026
Second vesting tranche
25% of grant
Vests on May 20, 2027
Final vesting tranche
25% of grant
Vests on May 20, 2029
Key Terms
restricted stock, restricted stock agreement, vest, grant, award, or other acquisition
4 terms
restricted stock financial
"Represents a grant of shares of restricted stock issued pursuant to a restricted stock agreement"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
restricted stock agreement financial
"shares of restricted stock issued pursuant to a restricted stock agreement dated and effective June 12, 2026"
vest financial
"Fifty per cent (50%) of the shares vest on November 20, 2026, twenty five per cent (25%) vest on May 20, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Star Bulk Carriers (SBLK) COO Nikolaos Reskos report in this Form 4?
COO Nikolaos Reskos reported receiving a grant of 48,100 restricted common shares of Star Bulk Carriers. The award is compensation-related, carries no cash exercise price, and increases his direct holdings to 410,875 common shares following the transaction.
Was this Star Bulk Carriers (SBLK) transaction a market buy or sell by the COO?
The transaction was a grant of restricted stock classified as an acquisition under code “A,” not an open‑market buy or sell. The shares were awarded as compensation, with a transaction price per share recorded as $0.00.
What agreement governs the new restricted stock grant at Star Bulk Carriers (SBLK)?
The grant is governed by a restricted stock agreement dated and effective June 12, 2026. This agreement specifies the vesting dates, percentage tranches, and other terms and conditions applicable to the COO’s 48,100 restricted shares.