SFL Corp director reports initial share holdings
SFL Corp Ltd. director Gary Vogel filed a Form 3 disclosing his initial ownership in the company.
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Form Type
3
Rhea-AI Filing Summary
SFL Corp Ltd. director Gary Vogel filed a Form 3 disclosing his initial ownership in the company. He reports holding 12,647 Common Shares directly, establishing his baseline equity stake as a board member.
Vogel also holds several tranches of share options on Common Shares, with exercise prices ranging from $4.25 to $10.28 per share and expiration dates between 2026 and 2031. Footnotes state these options were granted under the issuer’s Share Option Scheme and vest in equal one-third installments over three years, becoming exercisable as they vest.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Vogel Gary
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share options | -- | -- | -- |
| holding | Share options | -- | -- | -- |
| holding | Share options | -- | -- | -- |
| holding | Share options | -- | -- | -- |
| holding | Share options | -- | -- | -- |
| holding | Share options | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Share options — 166,000 contracts (Direct);
Common Shares — 12,647 shares (Direct)
Footnotes (6)
- F1. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on May 13, 2022 and subsequent vesting on May 13, 2023 and May 13, 2024. These share options become exercisable upon vesting.
- F2. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 15, 2023 and subsequent vesting on February 15, 2024 and February 15, 2025. These share options become exercisable upon vesting.
- F3. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 14, 2024 and subsequent vesting on February 14, 2025 and February 14, 2026. These share options become exercisable upon vesting.
- F4. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 13, 2025 and subsequent vesting on February 13, 2026 and February 13, 2027. These share options become exercisable upon vesting.
- F5. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on March 12, 2026 and subsequent vesting on March 12, 2027 and March 12, 2028. These share options become exercisable upon vesting.
- F6. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 19, 2027 and subsequent vesting on February 19, 2028 and February 19, 2029. These share options become exercisable upon vesting.
Key Figures
Common Shares held: 12,647 shares
Option exercise price: $4.25/share
Option exercise price: $4.67/share
+4 more
7 metrics
Common Shares held
12,647 shares
Direct ownership following reported holdings
Option exercise price
$4.25/share
Share options expiring on May 13, 2026
Option exercise price
$4.67/share
Share options expiring on February 15, 2027
Option exercise price
$7.16/share
Share options expiring on February 14, 2028
Option exercise price
$7.52/share
Share options expiring on March 12, 2030
Option exercise price
$9.81/share
Share options expiring on February 13, 2029
Option exercise price
$10.28/share
Share options expiring on February 19, 2031
Key Terms
Form 3, Common Shares, Share options, Share Option Scheme, +2 more
6 terms
Form 3 regulatory
"Gary Vogel filed a Form 3 disclosing his initial ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
vest over a three-year period financial
"vest over a three-year period in increments of 1/3 per annum"
expiration date financial
"exercise prices ranging from $4.25 to $10.28 per share and expiration dates between 2026 and 2031"
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 Gary Vogel’s Form 3 filing for SFL Corp (SFL) disclose?
The Form 3 shows Gary Vogel’s initial ownership in SFL Corp, including 12,647 Common Shares held directly and multiple share option grants. These option awards have set exercise prices, future expiration dates, and three-year vesting schedules under the company’s Share Option Scheme.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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