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Scorpio Tankers officer plans $595K share sale

Officer Auste Adelborg filed a Rule 144 notice to sell up to 6,834 Scorpio Tankers common shares acquired as equity compensation.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Scorpio Tankers Inc. (STNG) has a notice of proposed sale under Rule 144 by officer Auste Adelborg. The notice covers up to 6,834 common shares of Scorpio Tankers Inc., to be sold through Citigroup Global Markets, Inc. The filing lists an aggregate market value of $595,173.06 for these shares and states that 50,081,352 common shares were outstanding. The planned sale is indicated for September 18, 2026, and the shares derive from fully vested restricted stock issued under the issuer’s Equity Incentive Plan for services rendered on March 31, 2023.

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Shares to be sold under Rule 144 6,834 shares Common shares of Scorpio Tankers Inc. covered by the notice
Aggregate market value of shares $595,173.06 Value associated with the 6,834 common shares in the Rule 144 filing
Shares outstanding 50,081,352 shares Common shares of Scorpio Tankers Inc. stated as outstanding
Planned sale date September 18, 2026 Date indicated for the Rule 144 sale on the NYSE
Grant/issuance date of restricted stock March 31, 2023 Date the fully vested restricted stock was issued for services rendered
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.
Equity Incentive Plan financial
"Fully vested restricted stock issued pursuant to 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.
restricted stock financial
"Fully vested restricted stock issued pursuant to Equity Incentive Plan of the Issuer"
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.

FAQ

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

What does the Form 144 filing mean for Scorpio Tankers Inc. (STNG)?

The filing reports that officer Auste Adelborg plans a Rule 144 sale of up to 6,834 common shares of Scorpio Tankers Inc. through Citigroup Global Markets, Inc., with an indicated aggregate market value of $595,173.06.

How many Scorpio Tankers (STNG) shares are covered by this Rule 144 notice?

The notice covers up to 6,834 common shares of Scorpio Tankers Inc. to be sold under Rule 144, with Citigroup Global Markets, Inc. listed as the broker and the NYSE as the trading venue.

What is the indicated market value of the Scorpio Tankers (STNG) shares in this Form 144?

The Form 144 lists an aggregate market value of $595,173.06 for the 6,834 common shares of Scorpio Tankers Inc. covered by the planned Rule 144 transaction.

How many Scorpio Tankers (STNG) shares were outstanding as stated in the Form 144?

The Form 144 states that 50,081,352 common shares of Scorpio Tankers Inc. were outstanding, providing a reference point relative to the 6,834 shares covered by the proposed Rule 144 sale.

When were the Scorpio Tankers (STNG) shares to be sold originally granted to the officer?

The shares derive from fully vested restricted stock issued to Auste Adelborg on March 31, 2023 under the issuer’s Equity Incentive Plan, in consideration of services rendered.

When is the planned Rule 144 sale date for the Scorpio Tankers (STNG) shares?

The filing indicates a planned sale date of September 18, 2026 for the 6,834 common shares of Scorpio Tankers Inc. to be sold under Rule 144 on the NYSE through Citigroup Global Markets, Inc.

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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