Form 4 for INSW International Seaways, Inc.
Accepted 2023-11-03 00:00:00 ET · period of report 2023-11-01 · accession 0001679049-23-000089 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-11-03 | 2023-11-01 | INSW | Oshodi Adewale | VP, Ctrl | M - OptEx | $21.75 | +3,093 | 10.1K | +44% | +$67.3K |
| DM | 2023-11-03 | 2023-11-01 | INSW | Oshodi Adewale | VP, Ctrl | F - Tax | $49.57 | -2,035 | 9,591 | -18% | -$100.9K |
| DM | 2023-11-03 | 2023-11-01 | INSW | Oshodi Adewale | VP, Ctrl | M - OptEx | — | -3,093 | 1,550 | -67% | — |
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 | 2023-11-01 | M | A | 1,550 | $21.58 | 10,606 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 1,058 shares to Mr. Oshodi in connection with these option exercises, with no shares being sold externally. |
| 2 | Common | Common Stock, no par value per share | 2023-11-01 | F | D | 1,020 | $49.57 | 9,056 | 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 | Common | Common Stock, no par value per share | 2023-11-01 | M | A | 1,543 | $21.93 | 10,076 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 1,058 shares to Mr. Oshodi in connection with these option exercises, with no shares being sold externally. |
| 4 | Common | Common Stock, no par value per share | 2023-11-01 | F | D | 1,015 | $49.57 | 9,591 | 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. |
| 5 | Derivative | Stock Options (Right to Buy) | 2023-11-01 | M | D | 1,543 | — | 0 | D | $21.93 · 2023-04-02 to 2030-04-02 | 1,543 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 1,058 shares to Mr. Oshodi in connection with these option exercises, with no shares being sold externally. (F3) 100% of these options were vested on the date exercisable date. |
| 6 | Derivative | Stock Options (Right to Buy) | 2023-11-01 | M | D | 1,550 | — | 1,550 | D | $21.58 · 2023-03-17 to 2031-03-17 | 1,550 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 1,058 shares to Mr. Oshodi in connection with these option exercises, with no shares being sold externally. (F4) 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023. |