Form 4: Director Receives Stock Grant from International Seaways

Timothy J. Bernlohr, a Director at International Seaways, Inc., received a grant of 1,842 shares of common stock.

Summary

• Timothy J. Bernlohr, a Director of International Seaways, Inc., was granted 1,842 shares of common stock on June 8, 2026.
• The shares were granted under the company's 2020 Non-Employee Director Incentive Compensation Plan.
• These shares are subject to vesting on June 8, 2027, or the date of the 2027 annual meeting of stockholders, whichever comes first.
• Following this transaction, Mr. Bernlohr beneficially owns 51,137 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine stock grant to a director and does not provide new financial information or strategic updates.

Positives

• Director compensation through stock grants aligns management interests with shareholders.
• The grant of 1,842 shares indicates continued investment in the company by its directors.

Risks

• The vesting schedule for the granted shares means the director's full benefit is contingent on continued service and company performance until June 2027.

Future Outlook

The filing does not contain forward-looking statements or guidance. It reports a stock grant to a director.

Industry Context

StockSavvy.ai notes that director stock grants are a common practice in the shipping industry to incentivize long-term commitment and align executive interests with shareholder value.

Stakeholder Impact

• Shareholders: The stock grant aligns director interests with shareholders, potentially leading to decisions that enhance shareholder value. The increase in total shares outstanding is negligible.
• Employees: No direct impact mentioned.
• Creditors: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Customers: No direct impact mentioned.

Next Steps

• The granted shares will vest on June 8, 2027, or the date of the 2027 annual meeting of stockholders, whichever occurs first.

Key Dates

Keywords

International Seaways, INSW, Form 4, Stock Grant, Director Compensation, Beneficial Ownership, Securities Exchange Act