Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 318

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 318
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arrants on

the NYSE

on
the date of distribution

as they are listed

under the ticker DSX_W. As

of December 31, 2024

and 2023,

the
warrant liability,

measured at

fair value,

amounted to

$
1,802
and $
6,332, respectively.

During the

years
ended December 31, 2024 and 2023, gain from warrants amounted to $
719
and $
1,583, respectively and
is separately presented in the consolidated statements

of income.
i)

Incentive

Plan:
As

of

December

31,

2024,
11,144,759
shares

remained

reserved

for

issuance
according to the Company’s incentive plan.
Restricted stock in 2024, 2023 and 2022 is analyzed as follows:

Number of Shares
Weighted Average
Grant Date Price
Outstanding as of December 31, 2021
9,514,649
$
2.83
Granted
1,470,000
4.15
Vested
(3,118,060)
2.86
Outstanding as of December 31, 2022
7,866,589
$
3.07
Granted
1,750,000
4.54
Vested
(2,822,753)
3.05
Outstanding as of December 31, 2023
6,793,836
$
3.45
Granted
2,300,000
2.96
Vested
(2,996,334)
3.38
Outstanding as of December 31, 2024
6,097,502
$
3.30

The

fair

value

of

the

restricted

shares

has

been

determined

with

reference

to

the

closing

price

of

the
Company’s

stock

on

the

date

such

awards

were

approved

by

the

Company’s

board

of

directors.

The

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-33

aggregate

compensation

cost

is

recognized

ratably

in

the

consolid