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Scorpio Tankers holder files $11.1M stock sale notice

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Scorpio Tankers Inc. (STNG) has a shareholder, Cameron K. Mackey, who filed a Form 144 notice to sell up to 125,000 shares of common stock through Morgan Stanley Smith Barney LLC, with an indicated aggregate market value of $11,128,225, based on 50,081,000 shares outstanding and a prospective sale date of September 17, 2026 on the NYSE. The shares consist of fully vested restricted stock issued on various dates in 2021, 2022, 2023 and 2024 under an equity incentive plan in consideration for services rendered.

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Shares proposed to be sold 125,000 shares Common stock covered by Cameron K. Mackey’s Form 144 notice
Aggregate market value of shares $11,128,225 Value of 125,000 Scorpio Tankers Inc. shares proposed for sale
Shares outstanding 50,081,000 shares Scorpio Tankers Inc. common shares outstanding used in the Form 144
Restricted stock from April 1, 2021 award 16,267 shares Fully vested restricted stock issued for services rendered under an equity incentive plan
Restricted stock from April 7, 2022 award 35,827 shares Fully vested restricted stock issued for services rendered under an equity incentive plan
Restricted stock from March 31, 2023 award 69,817 shares Fully vested restricted stock issued for services rendered under an equity incentive plan
Restricted stock from April 11, 2024 award 3,089 shares Fully vested restricted stock issued for services rendered under an equity incentive plan
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 an 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
"restricted stock issued on various dates pursuant to an equity incentive plan"
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.
aggregate market value financial
"125000 | 11128225.00 | 50081000"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
services rendered financial
"3089 | 04/11/2024 | Services Rendered"

FAQ

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

What did Scorpio Tankers Inc. (STNG) report in this Form 144 filing?

The filing reports that Cameron K. Mackey has given notice under Rule 144 of a proposed sale of up to 125,000 shares of Scorpio Tankers Inc. common stock through Morgan Stanley Smith Barney LLC on or after September 17, 2026.

How many STNG shares are proposed to be sold and what is their value?

The notice covers up to 125,000 shares of Scorpio Tankers Inc. common stock, with an indicated aggregate market value of $11,128,225, as stated in the Form 144 securities information section.

What share count for Scorpio Tankers Inc. (STNG) was used in the Form 144?

The Form 144 states that the proposed sale is based on 50,081,000 shares of Scorpio Tankers Inc. common stock outstanding, which is used to calculate the seller’s position relative to total outstanding shares.

How were the STNG shares in this Form 144 acquired?

The shares were acquired as fully vested restricted stock issued on various dates in 2021, 2022, 2023, and 2024 under an equity incentive plan, in each case for services rendered and issued by the company as the issuer.

Which broker is listed for the proposed STNG share sale under Rule 144?

The proposed sale will be handled through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, as the broker listed in the Form 144 securities information section.

What specific equity awards make up the 125,000 STNG shares in the Form 144?

The 125,000 shares consist of 16,267 shares acquired on April 1, 2021, 35,827 shares on April 7, 2022, 69,817 shares on March 31, 2023, and 3,089 shares on April 11, 2024, all fully vested restricted stock under an equity incentive plan.

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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