Eagle Bulk Shipping said it agreed to give new chief financial officer Frank De Costanzo $1m in restricted shares as part of his package to join the company.
The nearly 234,000 in restricted shares will vest gradually over five years.
And the Connecticut bulker owner has granted him options to buy 280,000 shares at $4.80 a piece.
New York-listed Eagle Bulk announced in September that it had hired De Costanzo to replace Adir Katzav, who sought new opportunities when the company moved from New York.
De
