Scorpio Tankers (STNG) director receives 7,500-share equity award with multi-year vesting
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 an equity award of 7,500 Common Shares on May 4, 2026 under the company’s 2013 Equity Incentive Plan. These shares are currently unvested and will vest in three equal tranches of 2,500 shares on April 7, 2027, December 1, 2027, and December 1, 2028. Following this grant, Parekh’s reported direct holdings total 18,334 Common Shares, including 10,834 shares previously awarded under the same plan.
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 — 18,334 shares (Direct, null)
Footnotes (1)
- 7,500.00 shares awarded on May 4, 2026 under the 2013 Equity Incentive Plan and are currently unvested. The 7,500.00 shares will vest 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 amount includes 10,834 shares previously awarded under the 2013 Equity Incentive Plan.
Key Figures
Share award size: 7,500 shares
Post-grant holdings: 18,334 shares
Previously awarded shares: 10,834 shares
+3 more
6 metrics
Share award size
7,500 shares
Common Shares granted on May 4, 2026 under 2013 Equity Incentive Plan
Post-grant holdings
18,334 shares
Total Common Shares directly held following the May 4, 2026 award
Previously awarded shares
10,834 shares
Common Shares previously awarded under the 2013 Equity Incentive Plan
First vesting tranche
2,500 shares
Vest on April 7, 2027 from the 7,500-share award
Second vesting tranche
2,500 shares
Vest on December 1, 2027 from the 7,500-share award
Third vesting tranche
2,500 shares
Vest on December 1, 2028 from the 7,500-share award
Key Terms
2013 Equity Incentive Plan, unvested, vest, Common Shares
4 terms
2013 Equity Incentive Plan financial
"7,500.00 shares awarded on May 4, 2026 under the 2013 Equity Incentive Plan"
unvested financial
"7,500.00 shares awarded on May 4, 2026 under the 2013 Equity Incentive Plan and are currently unvested"
vest financial
"The 7,500.00 shares will vest as follows: 2,500.00 shares on April 7, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Scorpio Tankers (STNG) report for Kumar Sujata Parekh?
Scorpio Tankers reported that director Kumar Sujata Parekh received an award of 7,500 Common Shares on May 4, 2026. The shares were granted under the 2013 Equity Incentive Plan as equity compensation and are currently unvested, subject to a defined vesting schedule.
What are Kumar Sujata Parekh’s total reported Scorpio Tankers (STNG) holdings after this grant?
After the May 4, 2026 award, Kumar Sujata Parekh is reported to hold 18,334 Scorpio Tankers Common Shares directly. This figure includes 10,834 shares that were previously awarded under the company’s 2013 Equity Incentive Plan, plus the newly granted 7,500 shares.