Officer/Director Robert Bugbee Files to Sell $20.7M in Scorpio Tankers Shares
STNG sits 68% above its 52-week low of $48.93.
Summary
Officer and Director Robert L. Bugbee filed to sell 256,799 shares of Scorpio Tankers worth approximately $20.7 million, adding to a recent pattern of significant insider selling.
Key Events · Ownership and Investor Activity · STNG
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Officer/Director Files to Sell $20.7M in Shares
Robert L. Bugbee filed a Form 144 to sell 256,799 shares with an approximate market value of $20,705,703, with an intended sale date of September 11, 2026.
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Shares Acquired as Restricted Stock in 2024
The shares were acquired on April 11, 2024, as fully vested restricted stock issued pursuant to an equity incentive plan, with payment in the form of services rendered.
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Continues Heavy Insider Selling Pattern
This filing follows a 90-day pattern of significant insider selling at Scorpio Tankers, including a director sale of $478.3 million and another director sale of $18.45 billion, despite strong Q2 earnings and TCE rates.
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No Prior Sales by This Filer in Past 3 Months
The Form 144 indicates no securities were sold by this filer in the past three months, making this a new selling event for this insider.
Analysis · STNG · Energy & Transportation
Robert L. Bugbee, an officer and director of Scorpio Tankers, filed a Form 144 to sell 256,799 shares worth approximately $20.7 million, with an intended sale date of September 11, 2026. The shares were acquired in April 2024 as fully vested restricted stock under an equity incentive plan. This is a significant insider sale by a senior executive, and it follows a pattern of heavy insider selling at Scorpio Tankers over the past 90 days, including a director sale of $478.3 million and another director sale of $18.45 billion. While the company has reported strong earnings and TCE rates, the continued insider distribution is a notable negative signal for investors.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STNG was trading at $82.35 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $48.93 to $87.39. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.