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Scorpio Tankers officer may sell $4.8M in stock

An officer of Scorpio Tankers Inc. filed a Rule 144 notice to potentially sell 56,500 vested incentive-plan shares valued at about $4.8 million.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Scorpio Tankers Inc. (STNG) is the issuer of common shares that an officer, Christopher John Avella, has notified he may sell under Rule 144. The notice covers up to 56,500 common shares, to be sold through Charles Schwab & Co. on the NYSE.

The shares to be sold are fully vested restricted stock issued on various dates under Scorpio Tankers Inc.’s Equity Incentive Plan in exchange for services. The filing reports an aggregate market value of about $4,820,015 for the shares and lists 50,081,352 shares of the issuer’s common stock outstanding as of the notice.

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Shares to be sold under Rule 144 56,500 shares Maximum number of Scorpio Tankers Inc. common shares covered by the notice
Aggregate market value of shares $4,820,015 Reported value for the 56,500 common shares covered by the Rule 144 notice
Shares outstanding 50,081,352 shares Scorpio Tankers Inc. common shares outstanding at the time of the notice
Issuer phone number 212-542-1616 Contact phone number listed for Scorpio Tankers Inc.
Planned sale date reference September 18, 2026 Date associated with the securities information section of the notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Fully Vested Restricted Stock Issued on Various Dates Pursuant to the Equity Incentive Plan"
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.
Equity Incentive Plan financial
"Pursuant to the Equity Incentive Plan of the Issuer"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Common Shares financial
"Common Shares | Charles Schwab & Co"
Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for STNG disclose?

The filing states that an officer of Scorpio Tankers Inc. (STNG), Christopher John Avella, has notified the SEC of an intended sale under Rule 144 of up to 56,500 common shares of the company through Charles Schwab & Co. on the NYSE.

How many Scorpio Tankers Inc. (STNG) shares are covered by this Form 144?

The notice covers up to 56,500 common shares of Scorpio Tankers Inc. These are fully vested restricted shares previously issued under the company’s Equity Incentive Plan in connection with services rendered.

What is the approximate market value of the STNG shares in this Rule 144 notice?

The Form 144 reports an aggregate market value of about $4,820,015 for the 56,500 common shares that may be sold under Rule 144 for the account of Christopher John Avella.

How many Scorpio Tankers Inc. (STNG) shares are outstanding according to the notice?

The filing lists 50,081,352 common shares of Scorpio Tankers Inc. as outstanding at the time of the notice. This figure serves as a baseline share count and is separate from the 56,500 shares covered by the potential sale.

What is the source and nature of the STNG shares to be sold under Rule 144?

The shares are described as fully vested restricted stock issued on various dates under the Equity Incentive Plan of the issuer, Scorpio Tankers Inc., in consideration for services rendered by Christopher John Avella.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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