Form 4 for INSW International Seaways, Inc.
Accepted 2023-02-17 00:00:00 ET · period of report 2023-02-15 · accession 0001567619-23-003337 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-17 | 2023-02-15 | INSW | Oshodi Adewale | VP, Ctrl | F - Tax | $45.69 | -3,031 | 5,875 | -34% | -$138.5K |
| D | 2023-02-17 | 2023-02-15 | INSW | Oshodi Adewale | VP, Ctrl | M - OptEx | $30.93 | +3,735 | 8,906 | +72% | +$115.5K |
| D | 2023-02-17 | 2023-02-15 | INSW | Oshodi Adewale | VP, Ctrl | M - OptEx | — | -3,735 | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, no par value per share | 2023-02-15 | F | D | 3,031 | $45.69 | 5,875 | D | — | — | (F2) Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise. |
| 2 | Common | Common Stock, no par value per share | 2023-02-15 | M | A | 3,735 | $30.93 | 8,906 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 704 shares to Mr. Oshodi in connection with this option exercise, with no shares being sold externally. |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-02-15 | M | D | 3,735 | — | 0 | D | $30.93 · 2017-09-29 to 2024-09-29 | 3,735 Common Stock | (F2) Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise. (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 704 shares to Mr. Oshodi in connection with this option exercise, with no shares being sold externally. (F3) 100% of the options vested on the date exercisable date. |