Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 183

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 183
---
on

which

an

accounting

restatement

is

required,

received

incentive

compensation

based

on

the

erroneous

financial

data

that

exceeds

the

amount

of

incentive-based

compensation the executive would have received based on

the restatement.

Our

Clawback

Policy

shall

be

administered

by

our

Compensation Committee

who

has

the

authority,

in

accordance with

the applicable

laws, rules

and regulations,

to interpret

and make

determinations

necessary

for the administration of the

Clawback Policy,

and may forego recovery in

certain instances, including if it

determines that recovery would be impracticable.

D.

Employees

We crew our vessels

primarily with Greek officers and Filipino officers

and seamen and may also employ

seamen from Poland,

Romania and

Ukraine. DSS

and DWM are

responsible for identifying

the appropriate

officers

and

seamen

mainly

through

crewing

agencies.

The

crewing

agencies

handle

each

seaman's

training, travel

and payroll.

The management

companies ensure

that all

our seamen

have the

qualifications

and licenses required to comply

with international regulations and shipping conventions. Additionally,

our

seafaring

employees

perform

most

commissioning

work

and

supervise

work

at

shipyards

and

drydock

facilities. We

typically man

our vessels

with more crew

members than

are required by

the country of

the

vessel's flag in order to allow for the performance of routine maintenance

duties.

The

following

table

presents

the

number

of

shoreside

personnel

employed

by

DSS

and

the

number

of

seafaring

personnel

employed

by

our

vessel-owning

subsidiaries

as

of

December

31,

2024,

2023

and

2022.

Year Ended December 31,

2024

2023

2022

Shoreside

11

7

11

2

113

Seafaring

864

906

907

Total

981

1,018

1,020

93