Imperial Petroleum Inc. insider Harry Vafias reported new equity awards dated June 22, 2026, involving the company’s common stock. The filing shows an acquisition of 33,627 shares of common stock at $0.00 per share, reported as a restricted stock award. The award is subject to service-based vesting: 50% of the shares will vest on June 22, 2027, and the remaining 50% will vest on June 22, 2028, provided Vafias continues serving the issuer through those dates. Following the reported stock award, Vafias is listed as owning 3,617,879 shares of Imperial Petroleum common stock. The transaction appears to be an equity-compensation grant rather than an open-market purchase, given the $0.00 transaction price and the explanatory note identifying it as restricted stock. The filing also references an option award tied to common stock. Under the stated terms, 50% of the shares subject to the option vest and become exercisable on June 22, 2027, and the remaining 50% vest and become exercisable on June 22, 2028, again contingent on Vafias’s continuous service to Imperial Petroleum through the applicable vesting dates. The reported transaction price for the award is $0.00, indicating no cash purchase price for receiving the grant. In addition to Vafias’s direct holdings, the filing notes shares held by Arethusa Properties Ltd. and Flawless Management Inc. Vafias controls both entities and therefore may be deemed to beneficially own the securities they hold. However, he disclaims beneficial ownership of those securities for Section 16 purposes except to the extent of any pecuniary interest, and the filing states that the report should not be treated as an admission of beneficial ownership. Overall, the Form 4 reports insider compensation-related equity grants to Harry Vafias, not a market sale or purchase. The key economic details are the June 22, 2026 award date, the 33,627-share restricted stock award at no cost, the two-year 50%/50% vesting schedule, the related option vesting terms, and the post-transaction reported ownership of 3,617,879 Imperial Petroleum common shares.
Stock detail
IMPERIAL PETROLM (IMPP) stock price, chart, and key data
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Stock detail
IMPERIAL PETROLM
IMPP · XNAS
-$0.01 (-0.21%) past day
$4.86
Overnight $4.94 (+1.74%)
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Financials
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Operating income & Operating cash flow
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Total equity & Shares outstanding
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Day range
$4.63 - $5.01
Close price
$4.86
Market cap
$219.7M
P/E ratio
0
Financials
FY2026 Q1Operating income
$27M
Operating cash flow
$36M
EPS
0.57
Shares outstanding
45.3M
Total assets
$600M
Total equity
$559M
Total liabilities
$41M
About the company
IMPERIAL PETROLM
Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.
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Mean target
$9.00
1
Buy
/ 1
Recent calls
05/26/2026
Maxim Group
Tate Sullivan
Buy · Price target $9.00
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