Form 4: INSW CFO Pribor Acquires Shares Post-RSU Vesting

International Seaways' SVP & CFO Jeffrey Pribor acquired 13,875 shares of common stock following the vesting of performance restricted stock units, with a portion withheld for taxes.

Summary

• Jeffrey Pribor, SVP & CFO of International Seaways, Inc. (INSW), acquired 13,875 shares of Common Stock.
• The acquisition occurred on February 26, 2026, following the vesting of 10,572 performance restricted stock units (RSUs).
• These RSUs were granted on March 8, 2023, under the International Seaways, Inc. 2020 Management Incentive Compensation Plan.
• In connection with the vesting, 7,062 shares were withheld by International Seaways, Inc. to cover the reporting person's tax withholding liability.
• Following these transactions, Jeffrey Pribor's direct beneficial ownership of Common Stock is 90,276 shares.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event. While a portion of shares was withheld for taxes, the vesting of performance-based awards indicates the achievement of prior performance metrics, reflecting positively on management's execution.

Positives

• The vesting of performance restricted stock units indicates that performance targets, set when the units were granted, were met.
• Jeffrey Pribor's beneficial ownership of 90,276 shares demonstrates continued alignment with shareholder interests.

Negatives

• A significant portion of the vested shares (7,062 out of 13,875) were withheld for tax purposes, representing a non-discretionary 'sale' rather than a new investment by the executive.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance beyond the scheduled vesting date of the RSUs.

Industry Context

StockSavvy.ai notes that routine executive compensation events, such as RSU vesting, are common across industries and reflect standard practices for incentivizing and retaining key management personnel. This transaction is specific to International Seaways and does not directly indicate broader industry trends in the shipping sector.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued alignment of executive interests with shareholders through equity ownership, although the net increase in shares held is modest due to tax withholding.
• Employees: The vesting of RSUs is a standard component of executive compensation, potentially signaling a stable compensation framework for key personnel.

Key Dates

Keywords

International Seaways, INSW, Form 4, SEC filing, Restricted Stock Units, RSU vesting, executive compensation, insider transaction, Jeffrey Pribor, SVP & CFO