Form 4: INSW CFO Jeffrey Pribor Executes Stock Sale
Statement of Changes in Beneficial Ownership
International Seaways CFO Jeffrey Pribor sold 1,000 shares of common stock at $74.50 per share via a 10b5-1 plan.
Summary
- Jeffrey Pribor, SVP & CFO of International Seaways, Inc., sold 1,000 shares of common stock.
- The transaction occurred on April 15, 2026, at a price of $74.50 per share.
- Following the sale, the reporting person maintains beneficial ownership of 103,984 shares.
- The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on May 23, 2025.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a small fraction of the executive's total holdings.
Positives
- The transaction was conducted under a pre-planned Rule 10b5-1 trading plan, which typically indicates the sale is for personal financial planning rather than a reaction to non-public information.
Negatives
- The sale represents a reduction in the executive's direct equity stake in the company.
Risks
- Insider selling can sometimes be perceived negatively by the market, potentially impacting short-term investor sentiment.
Future Outlook
No forward-looking guidance or operational outlook was provided in this filing.
Industry Context
StockSavvy.ai notes that routine insider selling via 10b5-1 plans is common practice among C-suite executives in the shipping and maritime industry for liquidity and diversification purposes.
Comparison to Industry Standards
- The use of 10b5-1 plans is the industry standard for executives to sell shares while avoiding potential insider trading allegations.
- The volume of shares sold (1,000) is relatively minor compared to the total holdings (103,984), suggesting no significant change in the executive's long-term alignment with the company.
Stakeholder Impact
- Minimal impact expected on shareholders as the sale was executed via a pre-arranged plan.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 05/23/2025 | Date the Rule 10b5-1 trading plan was executed. |
| 04/15/2026 | Date of the reported stock sale transaction. |
| 04/17/2026 | Date of filing. |
Keywords
INSW, International Seaways, Insider Trading, Form 4, CFO, Stock Sale
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