Form 4 for INSW International Seaways, Inc.
Accepted 2023-03-10 00:00:00 ET · period of report 2023-03-08 · accession 0001567619-23-004864 · 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 | 2023-03-10 | 2023-03-08 | INSW | Oshodi Adewale | VP, Ctrl | J - Other | — | +2,604 | 8,479 | +44% | — |
| D | 2023-03-10 | 2023-03-08 | INSW | Oshodi Adewale | VP, Ctrl | F - Tax | — | -1,419 | 7,060 | -17% | — |
| D | 2023-03-10 | 2023-03-08 | INSW | Oshodi Adewale | VP, Ctrl | D - Sale to Iss | — | -2,604 | 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 | 2023-03-08 | J | A | 2,604 | — | 8,479 | D | — | — | (F1) These 2,604 shares of Common Stock are being acquired in connection with the vesting of 2,604 performance restricted stock units on March 8, 2023 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 1,419 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units. |
| 2 | Common | Common Stock, no par value per share | 2023-03-08 | F | D | 1,419 | — | 7,060 | D | — | — | (F1) These 2,604 shares of Common Stock are being acquired in connection with the vesting of 2,604 performance restricted stock units on March 8, 2023 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 1,419 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units. |
| 3 | Derivative | Performance Restricted Stock Units | 2023-03-08 | D | D | 2,604 | — | 0 | D | $0.00 · — to — | 2,604 Common Stock | (F2) These 2,604 performance restricted stock units vested on March 8, 2023 and are being settled in shares of Common Stock as reported in Table I of this Form 4. |