Form 4 for INSW International Seaways, Inc.
Accepted 2023-04-11 00:00:00 ET · period of report 2023-04-07 · accession 0001679049-23-000022 · 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 | 2023-04-11 | 2023-04-07 | INSW | Zabrocky Lois K | Pres, CEO, Dir | F - Tax | — | -21.7K | 146.2K | -13% | — |
| D | 2023-04-11 | 2023-04-07 | INSW | Zabrocky Lois K | Pres, CEO, Dir | J - Other | — | +42.6K | 167.9K | +34% | — |
| DM | 2023-04-11 | 2023-04-07 | INSW | Zabrocky Lois K | Pres, CEO, Dir | D - Sale to Iss | — | -42.6K | 52.4K | -45% | — |
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 | 2023-04-07 | F | D | 21,698 | — | 146,244 | D | — | — | (F1) These 42,586 shares of Common Stock are being acquired in connection with the vesting of (1) 26,207 restricted stock units on April 7, 2023 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "2020 Plan") and (2) 16,379 restricted stock units on April 7, 2023 pursuant to the 2020 Plan which vested units are being settled in shares of Common Stock. In connection with the vesting of the 42,586 units, 21,698 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 | 2023-04-07 | J | A | 42,586 | — | 167,942 | D | — | — | (F1) These 42,586 shares of Common Stock are being acquired in connection with the vesting of (1) 26,207 restricted stock units on April 7, 2023 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "2020 Plan") and (2) 16,379 restricted stock units on April 7, 2023 pursuant to the 2020 Plan which vested units are being settled in shares of Common Stock. In connection with the vesting of the 42,586 units, 21,698 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 | 2023-04-07 | D | D | 16,379 | — | 32,760 | D | $0.00 · — to — | 16,379 Common Stock | (F3) These 16,379 restricted stock units vested on April 7, 2023 and are being settled in shares of Common Stock as reported in Table I of this Form 4. |
| 4 | Derivative | Restricted Stock Units | 2023-04-07 | D | D | 26,207 | — | 52,416 | D | $0.00 · — to — | 26,207 Common Stock | (F2) These 26,207 restricted stock units vested on April 7, 2023 and are being settled in shares of Common Stock as reported in Table I of this Form 4. |