Director at Scorpio Tankers (NYSE: STNG) sells 15,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scorpio Tankers Inc. director Marianne Okland sold 15,000 common shares in an open-market transaction. The shares were fully vested restricted stock issued under the company’s Equity Incentive Plan. The aggregate price received for the 15,000 shares was $1,230,435.00, and she now directly owns 62,668 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,000 shares ($18,456,525,000)
Net Sell
1 txn
Insider
Okland Marianne
Role
null
Sold
15,000 shs ($18.46B)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 15,000 | $1,230,435.00 | $18.46B |
Holdings After Transaction:
Common Shares — 62,668 shares (Direct, null)
Footnotes (1)
- 15,000.00 shares were sold. They were all fully vested restricted stock issued pursuant to the Equity Incentive Plan of the Issuer. The price of the 15,000.00 shares (as / when sold) is 1,230,435.00.
Key Figures
Shares sold: 15,000 shares
Aggregate sale price: $1,230,435.00
Shares owned after transaction: 62,668 shares
3 metrics
Shares sold
15,000 shares
Open-market sale of common shares
Aggregate sale price
$1,230,435.00
Total price for 15,000 shares as stated in footnote
Shares owned after transaction
62,668 shares
Direct ownership following reported sale
Key Terms
restricted stock, Equity Incentive Plan, open-market sale, Form 4
4 terms
restricted stock financial
"15,000.00 shares were sold. They were all fully vested restricted stock issued pursuant to the 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
"fully vested restricted stock issued pursuant to the 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.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Scorpio Tankers (STNG) report for Marianne Okland?
Scorpio Tankers reported that director Marianne Okland sold 15,000 common shares in an open-market transaction. These shares were fully vested restricted stock issued under the company’s Equity Incentive Plan, reducing her direct holdings but leaving a sizable remaining position.
What are Marianne Okland’s Scorpio Tankers (STNG) holdings after the sale?
After the reported sale, Marianne Okland directly owns 62,668 common shares of Scorpio Tankers. This post-transaction figure comes from the Form 4 and indicates her remaining direct equity stake following the 15,000-share open-market disposition on the reported transaction date.
Was Marianne Okland’s Scorpio Tankers (STNG) sale a market purchase or sale?
The Form 4 describes Marianne Okland’s transaction as an open-market sale of common shares. The transaction code is “S,” which the filing explains as a sale in the open market or a private transaction, confirming it was a disposition rather than a purchase of company stock.