Scorpio Tankers (NYSE: STNG) director receives 7,500-share equity award grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kumar Sujata Parekh reported acquisition or exercise transactions in this Form 4 filing.
Scorpio Tankers Inc. director Kumar Sujata Parekh reported receiving an equity award of 7,500 Common Shares under the company’s 2013 Equity Incentive Plan. These shares are currently unvested and will vest in three equal installments. Following this award, Parekh’s direct holdings total 25,000 Common Shares, reflecting compensation-related grants rather than open‑market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kumar Sujata Parekh
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 7,500 | $626,025.00 | $4.70B |
Holdings After Transaction:
Common Shares — 25,000 shares (Direct, null)
Footnotes (1)
- 7,500.00 shares were awarded under the 2013 Equity Incentive Plan of the Issuer and are currently unvested. The vesting schedule is as follows: 2,500.00 shares on April 7, 2027. 2,500.00 shares on December 1, 2027. 2,500.00 shares on December 1, 2028. The total number of shares is 25,000.00 (not 18,334.00) and includes 17,500.00 shares previously awarded under the 2013 Equity Incentive Plan of the Issuer.
Key Figures
Equity award granted: 7,500 Common Shares
Holdings after transaction: 25,000 Common Shares
Previously awarded shares: 17,500 Common Shares
+3 more
6 metrics
Equity award granted
7,500 Common Shares
Grant/award acquisition reported on Form 4
Holdings after transaction
25,000 Common Shares
Total direct shares following the award
Previously awarded shares
17,500 Common Shares
Earlier grants under 2013 Equity Incentive Plan
First vesting tranche
2,500 shares
Vesting on April 7, 2027
Second vesting tranche
2,500 shares
Vesting on December 1, 2027
Third vesting tranche
2,500 shares
Vesting on December 1, 2028
Key Terms
2013 Equity Incentive Plan, unvested, vesting schedule, Common Shares
4 terms
2013 Equity Incentive Plan financial
"shares were awarded under the 2013 Equity Incentive Plan of the Issuer"
unvested financial
"7,500.00 shares were awarded under the 2013 Equity Incentive Plan ... and are currently unvested."
vesting schedule financial
"The vesting schedule is as follows: 2,500.00 shares on April 7, 2027."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
What insider transaction did Scorpio Tankers (STNG) report for Kumar Sujata Parekh?
Scorpio Tankers reported that director Kumar Sujata Parekh received a grant of 7,500 Common Shares as an equity award. The award was made under the company’s 2013 Equity Incentive Plan and represents compensation, not an open‑market share purchase.
Is the Scorpio Tankers (STNG) Form 4 transaction an open-market buy or a compensation grant?
The Form 4 transaction is a compensation-related equity grant, not an open-market purchase. It is coded as a grant or award acquisition, reflecting shares issued under Scorpio Tankers’ 2013 Equity Incentive Plan with a future vesting schedule.