[6-K] Euroseas Ltd.(Marshall Islands) Current Report (Foreign Issuer)
SM Energy (SM) Form 4: Sr. VP-Finance Patrick A. Lytle reported equity-based transactions dated 07/24-25/2025.
- PSU vesting: 1,331 common shares issued following three-year performance cycle that met time-based and quantitative targets. Code M.
- Tax withholding sale: 557 shares automatically disposed at $24.71 per share (Code F) to satisfy withholding obligations.
- Resulting direct ownership: 12,796 common shares.
- New RSU grant: 10,561 restricted stock units awarded 07/25/2025 (Code A); units convert 1:1 into common shares in three equal annual tranches beginning 07/01/2026.
Following these transactions Lytle holds 12,796 shares directly plus 10,561 derivative RSUs, increasing his total potential stake to 23,357 shares, thereby extending equity alignment through 2028.
SM Energy (SM) Modulo 4: Il Senior VP-Finance Patrick A. Lytle ha segnalato transazioni basate su azioni datate 24-25/07/2025.
- Vesting delle PSU: 1.331 azioni ordinarie emesse dopo un ciclo di performance triennale che ha soddisfatto obiettivi temporali e quantitativi. Codice M.
- Vendita per ritenuta fiscale: 557 azioni vendute automaticamente a 24,71 $ per azione (Codice F) per adempiere agli obblighi di ritenuta.
- Propriet脿 diretta risultante: 12.796 azioni ordinarie.
- Nuova assegnazione di RSU: 10.561 unit脿 di azioni vincolate assegnate il 25/07/2025 (Codice A); le unit脿 si convertiranno 1:1 in azioni ordinarie in tre tranche annuali uguali a partire dal 01/07/2026.
Dopo queste transazioni Lytle detiene 12.796 azioni direttamente pi霉 10.561 RSU derivati, aumentando la sua partecipazione potenziale totale a 23.357 azioni, estendendo cos矛 l'allineamento azionario fino al 2028.
SM Energy (SM) Formulario 4: El vicepresidente senior de finanzas Patrick A. Lytle report贸 transacciones basadas en acciones fechadas del 24 al 25/07/2025.
- Consolidaci贸n de PSU: 1,331 acciones comunes emitidas tras un ciclo de desempe帽o de tres a帽os que cumpli贸 objetivos temporales y cuantitativos. C贸digo M.
- Venta para retenci贸n fiscal: 557 acciones vendidas autom谩ticamente a $24.71 por acci贸n (C贸digo F) para cumplir con las obligaciones fiscales.
- Propiedad directa resultante: 12,796 acciones comunes.
- Nueva asignaci贸n de RSU: 10,561 unidades de acciones restringidas otorgadas el 25/07/2025 (C贸digo A); las unidades se convierten 1:1 en acciones comunes en tres tramos anuales iguales a partir del 01/07/2026.
Tras estas transacciones, Lytle posee 12,796 acciones directamente m谩s 10,561 RSU derivados, aumentando su participaci贸n potencial total a 23,357 acciones, extendiendo as铆 su alineaci贸n accionaria hasta 2028.
SM 鞐愲剤歆� (SM) 鞏戩嫕 4: 鞛 攵�靷灔 韺姼毽� A. 霛检澊韸�(Patrick A. Lytle)臧� 2025雲� 7鞗� 24~25鞚� 雮犾鞚� 欤检嫕 旮半皹 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟.
- PSU 氩犾姢韺�: 3雲� 靹标臣 欤缄赴毳� 於╈”頃橃棳 鞁滉皠 旮半皹 氚� 鞝曤焿鞝� 氇╉憸毳� 雼劚頃� 頉� 1,331欤� 氤错喌欤缄皜 氚滍枆霅橃棃鞀惦媹雼�. 旖旊摐 M.
- 靹戈笀 鞗愳矞歆曥垬 韺愲Г: 鞗愳矞歆曥垬 鞚橂毳� 於╈”頃橁赴 鞙勴暣 欤茧嫻 24.71雼煬鞐� 557欤缄皜 鞛愲彊鞙茧 毵る弰霅橃棃鞀惦媹雼�(旖旊摐 F).
- 斓滌 歆侅爲 靻岇湢: 12,796欤� 氤错喌欤�.
- 靸堧鞖� RSU 攵�鞐�: 2025雲� 7鞗� 25鞚检棎 10,561臧滌潣 鞝滍暅 欤检嫕 雼渼臧� 攵�鞐悩鞐堨姷雼堧嫟(旖旊摐 A); 雼渼電� 2026雲� 7鞗� 1鞚茧秬韯� 3雲勳棎 瓯胳硱 毵る厔 霃欖澕頃� 牍勳湪搿� 1:1搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�.
鞚� 瓯半灅 鞚错泟 霛检澊韸鸽姅 12,796欤检潣 歆侅爲 欤检嫕瓿� 10,561臧滌潣 韺岇儩 RSU毳� 氤挫湢頃橃棳 齑� 鞛犾灛 歆�攵勳潉 23,357欤茧 電橂牑 2028雲勱箤歆� 欤检嫕 鞝曤牞鞚� 鞐办灔頄堨姷雼堧嫟.
SM Energy (SM) Formulaire 4 : Le vice-pr茅sident senior des finances Patrick A. Lytle a d茅clar茅 des transactions bas茅es sur des actions dat茅es du 24 au 25/07/2025.
- Acquisition des PSU : 1 331 actions ordinaires 茅mises suite 脿 un cycle de performance de trois ans ayant atteint les objectifs temporels et quantitatifs. Code M.
- Vente pour retenue fiscale : 557 actions vendues automatiquement 脿 24,71 $ par action (Code F) pour satisfaire les obligations de retenue 脿 la source.
- Possession directe r茅sultante : 12 796 actions ordinaires.
- Nouvelle attribution de RSU : 10 561 unit茅s d'actions restreintes attribu茅es le 25/07/2025 (Code A) ; ces unit茅s se convertiront en actions ordinaires au ratio 1:1 en trois tranches annuelles 茅gales 脿 partir du 01/07/2026.
Suite 脿 ces transactions, Lytle d茅tient 12 796 actions directement plus 10 561 RSU d茅riv茅s, augmentant ainsi sa participation potentielle totale 脿 23 357 actions, prolongeant son alignement actionnarial jusqu'en 2028.
SM Energy (SM) Formular 4: Senior VP-Finance Patrick A. Lytle meldete aktienbasierte Transaktionen vom 24.-25.07.2025.
- PSU-Vesting: 1.331 Stammaktien wurden nach einem dreij盲hrigen Leistungszyklus ausgegeben, der zeitbasierte und quantitative Ziele erf眉llte. Code M.
- Steuerabzugsverkauf: 557 Aktien wurden automatisch zum Preis von 24,71 $ pro Aktie (Code F) verkauft, um Steuerabzugsverpflichtungen zu erf眉llen.
- Ergebnis des direkten Eigentums: 12.796 Stammaktien.
- Neue RSU-Zuteilung: 10.561 Restricted Stock Units wurden am 25.07.2025 gew盲hrt (Code A); die Einheiten wandeln sich ab dem 01.07.2026 in drei gleichen j盲hrlichen Tranchen 1:1 in Stammaktien um.
Nach diesen Transaktionen h盲lt Lytle 12.796 Aktien direkt plus 10.561 abgeleitete RSUs, was seinen potenziellen Gesamtanteil auf 23.357 Aktien erh枚ht und somit die Aktienausrichtung bis 2028 verl盲ngert.
- 1,331 PSUs vested鈥攑erformance goals met, indicating management achieved predefined operational targets.
- Total equity exposure grows to 23,357 shares, increasing insider alignment with shareholders.
- 557 shares sold to cover taxes, a small net share reduction versus gross issuance.
- No open-market purchase; transactions are compensation-driven, limiting bullish signal strength.
Insights
TL;DR: Routine equity vesting and RSU grant; no open-market buying, modest alignment, neutral impact.
The filing reflects scheduled vesting of a 2022 performance share unit award and the customary grant of new RSUs under SM Energy鈥檚 long-term incentive plan. While Lytle鈥檚 direct share count rises 6% to 12.8k, the acquisition was non-cash and partially offset by tax-related sale of 557 shares. The 10.6k RSU award extends retention incentives through 2028 but does not represent fresh capital at risk. Because there is no discretionary open-market purchase or sizable sale, the market signal is largely neutral. Investors may view continued equity accumulation positively, yet the transaction is routine and unlikely to influence valuation or liquidity.
SM Energy (SM) Modulo 4: Il Senior VP-Finance Patrick A. Lytle ha segnalato transazioni basate su azioni datate 24-25/07/2025.
- Vesting delle PSU: 1.331 azioni ordinarie emesse dopo un ciclo di performance triennale che ha soddisfatto obiettivi temporali e quantitativi. Codice M.
- Vendita per ritenuta fiscale: 557 azioni vendute automaticamente a 24,71 $ per azione (Codice F) per adempiere agli obblighi di ritenuta.
- Propriet脿 diretta risultante: 12.796 azioni ordinarie.
- Nuova assegnazione di RSU: 10.561 unit脿 di azioni vincolate assegnate il 25/07/2025 (Codice A); le unit脿 si convertiranno 1:1 in azioni ordinarie in tre tranche annuali uguali a partire dal 01/07/2026.
Dopo queste transazioni Lytle detiene 12.796 azioni direttamente pi霉 10.561 RSU derivati, aumentando la sua partecipazione potenziale totale a 23.357 azioni, estendendo cos矛 l'allineamento azionario fino al 2028.
SM Energy (SM) Formulario 4: El vicepresidente senior de finanzas Patrick A. Lytle report贸 transacciones basadas en acciones fechadas del 24 al 25/07/2025.
- Consolidaci贸n de PSU: 1,331 acciones comunes emitidas tras un ciclo de desempe帽o de tres a帽os que cumpli贸 objetivos temporales y cuantitativos. C贸digo M.
- Venta para retenci贸n fiscal: 557 acciones vendidas autom谩ticamente a $24.71 por acci贸n (C贸digo F) para cumplir con las obligaciones fiscales.
- Propiedad directa resultante: 12,796 acciones comunes.
- Nueva asignaci贸n de RSU: 10,561 unidades de acciones restringidas otorgadas el 25/07/2025 (C贸digo A); las unidades se convierten 1:1 en acciones comunes en tres tramos anuales iguales a partir del 01/07/2026.
Tras estas transacciones, Lytle posee 12,796 acciones directamente m谩s 10,561 RSU derivados, aumentando su participaci贸n potencial total a 23,357 acciones, extendiendo as铆 su alineaci贸n accionaria hasta 2028.
SM 鞐愲剤歆� (SM) 鞏戩嫕 4: 鞛 攵�靷灔 韺姼毽� A. 霛检澊韸�(Patrick A. Lytle)臧� 2025雲� 7鞗� 24~25鞚� 雮犾鞚� 欤检嫕 旮半皹 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟.
- PSU 氩犾姢韺�: 3雲� 靹标臣 欤缄赴毳� 於╈”頃橃棳 鞁滉皠 旮半皹 氚� 鞝曤焿鞝� 氇╉憸毳� 雼劚頃� 頉� 1,331欤� 氤错喌欤缄皜 氚滍枆霅橃棃鞀惦媹雼�. 旖旊摐 M.
- 靹戈笀 鞗愳矞歆曥垬 韺愲Г: 鞗愳矞歆曥垬 鞚橂毳� 於╈”頃橁赴 鞙勴暣 欤茧嫻 24.71雼煬鞐� 557欤缄皜 鞛愲彊鞙茧 毵る弰霅橃棃鞀惦媹雼�(旖旊摐 F).
- 斓滌 歆侅爲 靻岇湢: 12,796欤� 氤错喌欤�.
- 靸堧鞖� RSU 攵�鞐�: 2025雲� 7鞗� 25鞚检棎 10,561臧滌潣 鞝滍暅 欤检嫕 雼渼臧� 攵�鞐悩鞐堨姷雼堧嫟(旖旊摐 A); 雼渼電� 2026雲� 7鞗� 1鞚茧秬韯� 3雲勳棎 瓯胳硱 毵る厔 霃欖澕頃� 牍勳湪搿� 1:1搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�.
鞚� 瓯半灅 鞚错泟 霛检澊韸鸽姅 12,796欤检潣 歆侅爲 欤检嫕瓿� 10,561臧滌潣 韺岇儩 RSU毳� 氤挫湢頃橃棳 齑� 鞛犾灛 歆�攵勳潉 23,357欤茧 電橂牑 2028雲勱箤歆� 欤检嫕 鞝曤牞鞚� 鞐办灔頄堨姷雼堧嫟.
SM Energy (SM) Formulaire 4 : Le vice-pr茅sident senior des finances Patrick A. Lytle a d茅clar茅 des transactions bas茅es sur des actions dat茅es du 24 au 25/07/2025.
- Acquisition des PSU : 1 331 actions ordinaires 茅mises suite 脿 un cycle de performance de trois ans ayant atteint les objectifs temporels et quantitatifs. Code M.
- Vente pour retenue fiscale : 557 actions vendues automatiquement 脿 24,71 $ par action (Code F) pour satisfaire les obligations de retenue 脿 la source.
- Possession directe r茅sultante : 12 796 actions ordinaires.
- Nouvelle attribution de RSU : 10 561 unit茅s d'actions restreintes attribu茅es le 25/07/2025 (Code A) ; ces unit茅s se convertiront en actions ordinaires au ratio 1:1 en trois tranches annuelles 茅gales 脿 partir du 01/07/2026.
Suite 脿 ces transactions, Lytle d茅tient 12 796 actions directement plus 10 561 RSU d茅riv茅s, augmentant ainsi sa participation potentielle totale 脿 23 357 actions, prolongeant son alignement actionnarial jusqu'en 2028.
SM Energy (SM) Formular 4: Senior VP-Finance Patrick A. Lytle meldete aktienbasierte Transaktionen vom 24.-25.07.2025.
- PSU-Vesting: 1.331 Stammaktien wurden nach einem dreij盲hrigen Leistungszyklus ausgegeben, der zeitbasierte und quantitative Ziele erf眉llte. Code M.
- Steuerabzugsverkauf: 557 Aktien wurden automatisch zum Preis von 24,71 $ pro Aktie (Code F) verkauft, um Steuerabzugsverpflichtungen zu erf眉llen.
- Ergebnis des direkten Eigentums: 12.796 Stammaktien.
- Neue RSU-Zuteilung: 10.561 Restricted Stock Units wurden am 25.07.2025 gew盲hrt (Code A); die Einheiten wandeln sich ab dem 01.07.2026 in drei gleichen j盲hrlichen Tranchen 1:1 in Stammaktien um.
Nach diesen Transaktionen h盲lt Lytle 12.796 Aktien direkt plus 10.561 abgeleitete RSUs, was seinen potenziellen Gesamtanteil auf 23.357 Aktien erh枚ht und somit die Aktienausrichtung bis 2028 verl盲ngert.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2025
Commission File Number: 001-33283
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EUROSEAS LTD. |
(Translation of registrant’s name into English) |
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4 Messogiou & Evropis Street |
151 24 Maroussi, Greece |
(Address of principal executive office) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this Report on Form 6-K as Exhibit 1 is a copy of the press release issued by Euroseas Ltd. (the “Company”) on July 24, 2025: Euroseas Ltd. Announces the Results of Its 2025 Annual General Meeting of Shareholders.
This Report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-268708) filed with the U.S. Securities and Exchange Commission (the “Commission”) on December 7, 2022 and the Company’s Registration Statement on Form F-3 (File No. 333-269066) filed with the Commission on December 29, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| EUROSEAS LTD. |
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Dated: July 25, 2025 | By: | /s/ Aristides J. Pittas |
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| Name: | Aristides J. Pittas |
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| Title: | President |
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Exhibit 1
![[f72525esea6k002.gif]](https://www.sec.gov/Archives/edgar/data/0001341170/000131786125000038/f72525esea6k002.gif)
Euroseas Ltd. Announces the Results of Its 2025 Annual General Meeting of Shareholders
Maroussi, Athens, Greece - July 24, 2025 - Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today the official results of its 2025 Annual General Meeting, held on July 23, 2025 at 11:00 a.m. local time in Washington, DC, USA. The following proposals were approved by the Company's shareholders:
1.
Mr. George Taniskidis and Mr. Apostolos Tamvakakis were re-elected as Class C Directors to serve for a term of three years until the Company’s 2028 Annual Meeting of Shareholders ("Proposal One"); and
2.
Deloitte Certified Public Accountants, S.A. was approved as the Company's independent auditors for the fiscal year ending December 31, 2025 ("Proposal Two").
About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA.Euroseas operates in the container shipping market. Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of 22 vessels, including 15 Feeder containerships and 7 Intermediate containerships. Euroseas 22 containerships have a cargo capacity of 67,494 teu. After the delivery of two intermediate containership newbuildings in the fourth quarter of 2027, Euroseas’ fleet will consist of 24 vessels with a total carrying capacity of 76,094 teu.
Visit the Company’s website www.euroseas.gr
Company Contact | Investor Relations / Financial Media |
Tasos Aslidis Chief Financial Officer Euroseas Ltd. 11 Canterbury Lane, Watchung, NJ 07069 Tel. (908) 301-9091 E-mail: [email protected] | Nicolas Bornozis Markella Kara Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY 10169 Tel. (212) 661-7566 E-mail: [email protected] |
Source:
FAQ
What insider activity was reported for SM on 07/24/2025?
How many RSUs did SM Energy grant to Patrick Lytle?
What is the vesting schedule for the new RSUs?
What is Lytle's direct share ownership after the transactions?
At what price were shares sold to cover taxes?
