Diana Shipping Inc. - Amended and Restated Equity Incentive Plan

Diana Shipping Inc. has filed an amendment and restatement of its Equity Incentive Plan, effective April 29, 2026. The plan is designed to incentivize key personnel by allowing them to acquire a proprietary interest in the company's success and enhance long-term performance. The plan will be administered by the Compensation Committee of the Board of Directors, with provisions for delegation to senior officers and specific considerations for non-employee directors. Awards may be granted in various forms, including non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, and cash awards. The plan has a maximum aggregate of 50,000,000 shares of common stock available for awards, subject to adjustments for changes in capitalization. The filing details provisions for the exercise of options and stock appreciation rights, terms for restricted stock and restricted stock units, and conditions related to termination of employment, death, or disability. It also outlines transferability restrictions and the process for amending the plan, ensuring that amendments do not impair existing award rights without grantee consent.