Form 4 for INSW International Seaways, Inc.
Accepted 2023-03-21 00:00:00 ET · period of report 2023-03-17 · accession 0001679049-23-000011 · 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 | 2023-03-21 | 2023-03-17 | INSW | Solon Derek G. | SVP | J - Other | — | +2,143 | 32.8K | +7% | — |
| D | 2023-03-21 | 2023-03-17 | INSW | Solon Derek G. | SVP | F - Tax | — | -991 | 31.8K | -3% | — |
| D | 2023-03-21 | 2023-03-17 | INSW | Solon Derek G. | SVP | D - Sale to Iss | — | -2,143 | 2,143 | -50% | — |
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 | 2023-03-17 | J | A | 2,143 | — | 32,791 | D | — | — | (F1) These 2,143 shares of Common Stock are being acquired in connection with the vesting of 2,143 restricted stock units on March 17, 2023 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 991 shares are being withheld by International Seaways, Inc. in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units. |
| 2 | Common | Common Stock | 2023-03-17 | F | D | 991 | — | 31,800 | D | — | — | (F1) These 2,143 shares of Common Stock are being acquired in connection with the vesting of 2,143 restricted stock units on March 17, 2023 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 991 shares are being withheld by International Seaways, Inc. in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units. |
| 3 | Derivative | Restricted Stock Units | 2023-03-17 | D | D | 2,143 | — | 2,143 | D | $0.00 · — to — | 2,143 Common Stock | (F2) These 2,143 restricted stock units vested on March 17, 2023 and are being settled in shares of Common Stock as reported in Table I of this Form 4. |