Star Bulk Carriers (SBLK) grants CSO 17,200 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Star Bulk Carriers Corp. reported that Chief Strategy Officer Charis Plakantonaki acquired 17,200 common shares through a grant of restricted stock at no cash cost on June 12, 2026. Following this award, her direct holdings increased to 77,428 common shares.
The restricted stock vests in stages: 50% on November 20, 2026, 25% on May 20, 2027, and the remaining 25% on May 20, 2029, subject to the terms and conditions of the restricted stock agreement. The Form 4 was filed late due to technical issues.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Plakantonaki Charis
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares par value $ 0.01 per share | 17,200 | $0.00 | -- |
Holdings After Transaction:
Common shares par value $ 0.01 per share — 77,428 shares (Direct, null)
Footnotes (1)
- Represents a grant of shares of restricted stock issued pursuant to a restricted stock agreement dated and effective June 12, 2026. Fifty per cent (50 %) vest on November 20, 2026, twenty five per cent ( 25%) vest on May 20 2027 and the remaining twenty five per cent (25%) vest on May 20, 2029 subject to the terms and conditions of the agreement. This Form 4 is being filed late due to a delay caused by technical issues.
Key Figures
Restricted stock grant: 17,200 shares
Price per granted share: $0.00 per share
Post-transaction holdings: 77,428 shares
+3 more
6 metrics
Restricted stock grant
17,200 shares
Common shares granted June 12, 2026
Price per granted share
$0.00 per share
Reported transaction price for restricted stock
Post-transaction holdings
77,428 shares
Direct ownership after grant
Initial vesting tranche
50%
Vests on November 20, 2026
Second vesting tranche
25%
Vests on May 20, 2027
Final vesting tranche
25%
Vests on May 20, 2029
Key Terms
restricted stock, vesting, Form 4, par value $ 0.01 per share
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.
vesting financial
"Fifty per cent (50 %) vest on November 20, 2026, twenty five per cent ( 25%) vest on May 20 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 regulatory
"This Form 4 is being filed late due to a delay caused by technical issues."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SBLK executive Charis Plakantonaki report?
Charis Plakantonaki reported receiving a grant of 17,200 common shares of Star Bulk Carriers as restricted stock. The grant was a compensation award at no cash cost, increasing her direct ownership and subject to a multi-year vesting schedule under a restricted stock agreement.
Was the SBLK insider transaction an open-market purchase or a compensation award?
The transaction was a compensation-related grant or award, not an open-market purchase. The 17,200 common shares were issued as restricted stock at a reported price per share of $0.00, reflecting an equity-based incentive rather than a discretionary market buy by the executive.
Why was the Star Bulk Carriers (SBLK) Form 4 filed late?
The Form 4 was filed late due to technical issues, according to the footnote. This means the reporting delay was attributed to filing-related problems rather than an attempt to conceal or postpone disclosure of the restricted stock grant to the Chief Strategy Officer.