Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 179

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 179
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we

also

paid

commissions

for

vessel

sales

and

purchases

amounting to

$0.5

million.

We

consider

fees

under

these

agreements to be part of our executive compensation due to

the affiliation with Steamship.

Non-employee directors

receive

annual compensation

in

the

amount

of

$52,000 plus

reimbursement of

out-of-pocket expenses. In addition, each director serving as chairman of a committee receives additional

annual compensation of

$26,000, plus reimbursement

for out-of-pocket

expenses with the

exception of

the

chairman of

the audit

and compensation committee

who receive

annual compensation of

$40,000. Each

director

serving

as

member

of

a

committee

receives

additional

annual

compensation

of

$13,000,

plus

reimbursement for out-of-pocket expenses

with the exception

of the member

of the audit

committee who

receives annual compensation of $26,000, plus reimbursement for

out-of-pocket expenses. In 2024, fees

and expenses of our non-executive directors amounted to $0.6

million.

We do not have a retirement plan for our officers or directors.

Equity Incentive Plan

In November 2014, our board of directors approved, and the Company adopted the 2014

Equity Incentive

Plan for 5,000,000

shares of common

stock, amended on

May 31, 2018

to increase the

shares of common

stock to

13,000,000 and

further amended

on January

8, 2021,

referred to

as “the

Plan”, to

increase the

number

of

shares

of

common

stock

available for

the

issuance

of

equity awards

by

20,000,000

shares.

Currently, 9,144,759 shares remain reserved for issuance under the Plan.

91

Under the Plan, the Company’s

employees, officers and directors

are entitled to receive

options to acquire

the

Company’s

common

stock.

The

Plan

is

administered

by

the

Compensation

Committee

of

the

Company’s Board of Directors, or such other committee of the Board as

may be designated by