Form 4 for INSW International Seaways, Inc.
Accepted 2024-03-05 00:00:00 ET · period of report 2024-03-01 · accession 0001679049-24-000031 · 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 | 2024-03-05 | 2024-03-01 | INSW | Zabrocky Lois K | Pres, CEO, Dir | F - Tax | $53.99 | -27.1K | 157.1K | -15% | -$1.46M |
| DM | 2024-03-05 | 2024-03-01 | INSW | Zabrocky Lois K | Pres, CEO, Dir | M - OptEx | $21.76 | +38.3K | 176.0K | +28% | +$832.7K |
| DM | 2024-03-05 | 2024-03-01 | INSW | Zabrocky Lois K | Pres, CEO, Dir | M - OptEx | — | -38.3K | 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 | 2024-03-01 | F | D | 13,332 | $53.99 | 162,702 | 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. |
| 2 | Common | Common Stock, no par value per share | 2024-03-01 | F | D | 13,724 | $53.99 | 157,133 | 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 | 2024-03-01 | M | A | 19,370 | $21.93 | 170,857 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 11,215 shares to Mrs. Zabrocky in connection with this option exercise, with no shares being sold externally. |
| 4 | Common | Common Stock, no par value per share | 2024-03-01 | M | A | 18,901 | $21.58 | 176,034 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 11,215 shares to Mrs. Zabrocky in connection with this option exercise, with no shares being sold externally. |
| 5 | Derivative | Stock Option (Right to Buy) | 2024-03-01 | M | D | 18,901 | — | 18,901 | D | $21.58 · 2023-03-17 to 2031-03-17 | 18,901 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. (F4) 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023. |
| 6 | Derivative | Stock Option (Right to Buy) | 2024-03-01 | M | D | 19,370 | — | 0 | D | $21.93 · 2023-04-02 to 2030-04-02 | 19,370 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. (F3) Options granted on April 2, 2020 had vested and were exercisable on April 2, 2023. |