Nordic American Tankers (NAT) Chairman and Vice-Chair Buy 400,000 Shares, Pushing Hansson Family Ownership Past 5% Threshold
Summary
Nordic American Tankers Ltd. (NAT) announced Monday, December 22, 2025, that the Hansson family, led by Founder, Chairman & CEO Herbjørn Hansson, increased their stake by purchasing 400,000 shares. The transactions, executed at $3.50 per share, involved 200,000 shares bought by Herbjørn Hansson and 200,000 by Vice-Chair Alexander Hansson. This significant insider buying brings the family's total ownership above the mandatory disclosure threshold of 5%, signaling strong executive confidence in the tanker company's valuation.
NAT executives bought 400,000 shares at $3.50 on December 22, 2025. This insider buying pushed the Hansson family stake above the 5% ownership mark. The move signals strong executive confidence in the tanker firm's future.
Key Takeaways
- The combined purchase of 400,000 shares was executed at a price of $3.50 per share.
- The Hansson family's total ownership stake now exceeds the 5% mandatory disclosure level.
- CEO Herbjørn Hansson increased his total holding to 5.3 million shares.
Sentiment: Bullish
Insider purchases at a fixed price often suggest management views the stock as undervalued.
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