STNG insider sale notice: 321,098 vested shares via Computershare and BNP Paribas
Rhea-AI Filing Summary
Scorpio Tankers Inc. (STNG) filed a Form 144 notifying proposed sales of common stock totaling 321,098 shares, to be executed on 09/17/2025 through two brokers: Computershare Trust Company N.A. (151,304 shares, aggregate market value $9,297,630.80) and BNP Paribas (169,794 shares, aggregate market value $10,433,841.30). The reporting person acquired the shares on 03/31/2023 as fully vested restricted stock issued under an equity incentive plan and lists the acquisition amount as 321,098 shares with payment characterized as for services rendered. The filer reports no securities sold in the past three months and certifies they are not aware of undisclosed material adverse information about the issuer.
Positive
- Full disclosure of acquisition details: acquisition date (03/31/2023), nature (fully vested restricted stock), and amount (321,098 shares) are provided
- No sales in prior three months, which limits potential concern about an ongoing insider sell-off
- Sale routed through two established brokers (Computershare and BNP Paribas) with specific share counts and aggregate market values disclosed
Negative
- None.
Insights
TL;DR: Routine insider sale notice for vested restricted stock; transaction size is small relative to total outstanding shares.
The Form 144 documents an authorized sale of 321,098 shares on 09/17/2025 split between two brokers with stated market values. The shares were acquired as fully vested restricted stock on 03/31/2023 and tied to services rendered. With 51,016,290 shares outstanding reported on the form, the proposed sale represents roughly 0.63% of outstanding shares, indicating this is a routine liquidity event rather than a control change. No sales in the prior three months reduces immediate signaling of accelerated insider exit.
TL;DR: Compliance-focused filing that documents insider liquidity while confirming customary certifications.
The notice follows Rule 144 disclosure practices: it identifies acquisition source (equity incentive plan), acquisition date, and payment characterization. The filer affirms absence of undisclosed material adverse information and references trading-plan/10b5-1 considerations. The filing itself raises no governance red flags; it documents transparent reporting of an insider sale originating from vested compensation.