Tsakos Energy (NYSE: TEN) president discloses common and preferred stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Tsakos Energy Navigation President and COO Georgios Saroglou has filed an initial Form 3 detailing his holdings in the company. He directly owns 42,000 common shares, 4,130 Series E fixed-to-floating rate cumulative redeemable perpetual preferred shares, and 2,000 Series F fixed-to-floating rate cumulative redeemable perpetual preferred shares, establishing his reported equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Saroglou Georgios
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
| holding | Series E Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs | -- | -- | -- |
| holding | Series F Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs | -- | -- | -- |
Holdings After Transaction:
Common Shares — 42,000 shares (Direct);
Series E Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs — 4,130 shares (Direct);
Series F Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs — 2,000 shares (Direct)
Footnotes (1)
FAQ
Is Georgios Saroglou’s Form 3 a record of trades in Tsakos Energy (TEN) stock?
The Form 3 is not a trade record; it is an initial ownership statement. It lists Saroglou’s existing holdings in common and preferred shares, with no reported purchases, sales, or option exercises tied to the filing date.
Why is a Form 3 filing for Tsakos Energy (TEN) important to investors?
A Form 3 shows how much stock a new insider holds when they first become subject to reporting. For Tsakos Energy, Saroglou’s disclosed common and preferred stakes provide transparency into management’s equity alignment with shareholders.