Form 4: INSW CFO Acquires Shares, Settles RSUs

International Seaways CFO Jeffrey Pribor acquired 5,140 shares of common stock through RSU vesting, with 2,570 shares withheld for tax obligations.

Summary

• Jeffrey Pribor, SVP & CFO of International Seaways, Inc. (INSW), reported a change in beneficial ownership.
• On March 12, 2026, 5,140 restricted stock units (RSUs) vested under the International Seaways, Inc. 2020 Management Incentive Compensation Plan.
• These vested units were settled in shares of Common Stock.
• Concurrently, 2,570 shares were withheld by International Seaways, Inc. to cover the reporting person's tax withholding liability incurred as a result of the vesting.
• Following these transactions, Pribor directly beneficially owns 99,819 shares of Common Stock.
• Additionally, 10,282 restricted stock units remain beneficially owned.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While shares were acquired, it was a scheduled vesting rather than a discretionary open market purchase, and a portion was sold for tax purposes, which is standard practice.

Positives

• The acquisition of 5,140 shares of common stock through RSU vesting increases the reporting person's direct beneficial ownership, aligning executive interests with shareholders.

Negatives

• 2,570 shares were disposed of to cover tax withholding liabilities, which is a standard practice but reduces the net shares acquired.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this Form 4 filing represents a routine insider transaction related to executive compensation, specifically the vesting of restricted stock units. Such transactions are common across industries as part of long-term incentive plans for management.

Stakeholder Impact

• Shareholders: The transaction slightly increases the direct beneficial ownership of a key executive, which can be viewed positively as it aligns management's interests with shareholder value. However, the impact is minimal given the routine nature of the vesting and tax-related sale.
• Employees: The transaction is part of an executive compensation plan, which is a standard component of employee incentive structures for senior management.

Key Dates

Recommendation

This Form 4 reports a routine vesting of restricted stock units and the subsequent sale of shares to cover tax liabilities, which is a standard part of executive compensation. It does not provide new fundamental information or discretionary trading activity that would warrant a change in investment thesis for International Seaways, Inc.

Keywords

INSW, International Seaways, Form 4, insider transaction, restricted stock units, RSU vesting, executive compensation, stock acquisition