Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 232

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 232
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6, and 25% to vest on July 1, 2026.

During the year ended December 31, 2024, stock-based compensation expense on restricted common stock amounted to $ 8,126, whereas total unrecognized stock-based compensation expense relating to the Company’s outstanding restricted common stock was $ 8,089, as of December 31, 2024. The average period over which the total stock-based compensation expense related to non-vested restricted common stock, was expected to be recognized, was 1.49 years.

Movements under this plan are as follows:

Stockholder’s Equity - Plan 2024 movements (Table)

                            Number of Restricted Shares Granted      Number of Restricted Shares Forfeited      Number of Restricted Shares Vested      Balance of Non-Vested Restricted Shares      Weighted average grant date fair value  
  December 31, 2023         —                                        —                                          —                                       —                                                                                $—  
  Vested during 2024        —                                        —                                          —                                       —                                                                            $26.07  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Granted July 24,2024      625,000                                  ( 3,000)                                   —                                       622,000                                                                      $26.07  
  December 31, 2024         625,000                                  ( 3,000)                                   —                                       622,000                                                                      $26.07  

In 2022, the Company issued 4,633,473 43,841 0

In 2022, the Company issued 165 2,239 5,888 192 0

In September 2022, the holder exercised the conversion option and converted all 459,286Series G Convertible Preferred Shares that remained outstanding, with a conversion price of $ 15.00 per share, representing a conversion rate of two-thirds of a common share per Series G Convertible Preferred Share, par value $ 1.00 per share and liquidation preference of $ 10.00 per share, into 306,190 common shares of the Company. The Company had nil Series G Convertible Preferred Shares outstanding as of December 31, 2024, 2023 and 2022 respectively. 0

As of December 31, 2022 the outstanding Series B Cumulative Redeemable Perpetual Preferred Shares (the “ Shyris