Form 4: INSW CFO Exercises Options, Adjusts Holdings

International Seaways' SVP & CFO, Jeffrey Pribor, exercised 15,000 stock options and subsequently adjusted his direct beneficial ownership.

Summary

• Jeffrey Pribor, the Senior Vice President and Chief Financial Officer of International Seaways, Inc. (INSW), reported a transaction on November 10, 2025.
• He exercised 15,000 stock options at an exercise price of $17.46 per share.
• Concurrently, 9,961 shares of Common Stock were disposed of at a price of $53.63 per share.
• This disposition was made to satisfy the aggregate exercise price for the options and related withholding taxes.
• Following these transactions, Pribor directly beneficially owns 72,734 shares of Common Stock.
• The exercised options were 100% vested on April 4, 2021, and had an expiration date of April 4, 2028.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. The exercise of a significant number of in-the-money stock options by a key executive generally indicates confidence in the company's value, even though a portion of the shares was sold to cover exercise costs and taxes.

Positives

• An executive exercising a significant number of in-the-money stock options can signal confidence in the company's future performance, as they are converting potential value into actual shares (or cash equivalent after net settlement).
• The exercise price of $17.46 is substantially lower than the disposal price of $53.63, indicating a significant unrealized gain on the options.

Negatives

• The disposition of 9,961 shares, while primarily for tax and exercise cost coverage, results in a reduction of the direct shareholding from the gross acquisition amount.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's future performance.

Industry Context

This is a routine insider transaction, common across all industries, where an executive exercises previously granted stock options and typically sells a portion of the acquired shares to cover the exercise cost and tax obligations. It does not provide specific insights into broader industry trends.

Stakeholder Impact

• Shareholders: The transaction provides a minor signal of management's confidence in the company's stock value, as an executive is realizing value from their equity compensation. The net change in direct ownership is a slight decrease from the gross options exercised, but the overall holding remains substantial.

Key Dates

Keywords

International Seaways, INSW, Jeffrey Pribor, SVP & CFO, Stock Options, Option Exercise, Insider Transaction, Beneficial Ownership, SEC Form 4