Scorpio Tankers (STNG) CEO Emanuele Lauro buys 234,637 European put options
Rhea-AI Filing Summary
Scorpio Tankers Inc. director and Chief Executive Officer Emanuele Lauro bought European put options linked to the company’s shares. He purchased 234,637 options in an open-market transaction at a price of $5.87 per option. These options have a strike price of $77.50 and are tied to 234,637 underlying STNG shares. The options expire on October 16, 2026, and following this transaction he holds 234,637 European put options directly.
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Insights
CEO directly bought 234,637 put options as a sizable hedging-style derivative position.
The Chief Executive Officer, Emanuele Lauro, executed an open-market purchase of 234,637 European put options tied to 234,637 Scorpio Tankers shares. Each contract was bought at $5.87 with a strike price of $77.50, expiring on October 16, 2026.
This is a pure derivative transaction with no accompanying stock sale or option exercise in the same filing. The filing shows total derivative holdings after the trade equal the purchased amount, with no remaining positions listed in derivativeSummary. Actual economic impact depends on future share price movements before expiration.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | European Put Options | 234,637 | $5.87 | $1.38M |
Key Figures
Key Terms
European Put Options financial
open-market purchase financial
underlying security financial
strike price financial
FAQ
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