Form 4 for INSW International Seaways, Inc.
Accepted 2023-08-30 00:00:00 ET · period of report 2023-08-28 · accession 0001679049-23-000071 · 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 | 2023-08-30 | 2023-08-28 | INSW | Solon Derek G. | SVP | M - OptEx | $21.58 | +4,662 | 43.2K | +12% | +$100.6K |
| D | 2023-08-30 | 2023-08-28 | INSW | Solon Derek G. | SVP | F - Tax | $44.55 | -3,386 | 39.8K | -8% | -$150.8K |
| D | 2023-08-30 | 2023-08-28 | INSW | Solon Derek G. | SVP | M - OptEx | — | -4,662 | 4,662 | -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, no par value per share | 2023-08-28 | M | A | 4,662 | $21.58 | 43,160 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 1,276 shares to Mr. Solon in connection with these option exercises, with no shares being sold externally. |
| 2 | Common | Common Stock, no par value per share | 2023-08-28 | F | D | 3,386 | $44.55 | 39,774 | 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. |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-08-28 | M | D | 4,662 | — | 4,662 | D | $21.58 · 2023-03-17 to 2031-03-17 | 4,662 Common Stock | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 1,276 shares to Mr. Solon in connection with these option exercises, with no shares being sold externally. (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. (F3) 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023. |