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Insider Trading Arrangements - shares | 3 Months Ended |
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Sep. 30, 2024 | Aug. 25, 2024
Trading Arrangements, by Individual |  |
Material Terms of Trading Arrangement | Securities Trading Plans of Executive Officers and Directors Rule 10b5-1 under the Exchange Act provides an affirmative defense that enables pre-arranged transactions in securities in a manner that avoids concerns about initiating transactions at a future date while possibly in possession of material nonpublic information. Our Securities Trading and Disclosure of Confidential Information policy permits our officers and directors to enter into trading plans designed to comply with Rule 10b5-1. On August 26, 2024, Lasse Petterson, Director and President and Chief Executive Officer, terminated a Rule 10b5-1 trading arrangement previously adopted on May 16, 2024. Such 10b5-1 trading arrangement was intended to satisfy the affirmative defense of Rule 10b5-1 (c) and provided for the sale of up to 500,000 shares of our common stock. 250,000 shares were sold under this 10b5-1 trading arrangement prior to its termination. During the quarterly period ended September 30, 2024, none of our other officers (as defined in Rule 16a-1(f) under the Exchange Act) or directors adopted or terminated a Rule 10b5-1 trading plan or adopted or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K). |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Lasse Petterson [Member] |  |
Trading Arrangements, by Individual |  |
Name | Lasse Petterson |
Title | Director and President and Chief Executive Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | May 16, 2024 |
Rule 10b5-1 Arrangement Terminated | true |
Termination Date | August 26, 2024 |
Aggregate Available | 500,000 | 250,000

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