Form 4: INSW Officer Sells 20,000 Shares Under 10b5-1 Plan

International Seaways' CAO, SVP, Secretary, and General Counsel, James D. Small III, sold 20,000 shares of common stock for approximately $1.07 million.

Summary

• James D. Small III, CAO, SVP, Secretary, and General Counsel of International Seaways, Inc. (INSW), reported the sale of 20,000 shares of common stock.
• The transaction occurred on November 14, 2025, at a weighted average price of $53.5986 per share.
• The total value of the shares sold is approximately $1,071,972.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, indicating a pre-arranged, non-discretionary transaction.
• Following this transaction, Mr. Small beneficially owns 49,292 shares of International Seaways common stock.

Sentiment

Score: 5

Explanation: A neutral score. While an insider sale can be seen negatively, the execution under a 10b5-1 plan suggests it was pre-planned and not necessarily indicative of a change in management's immediate outlook on the company's prospects. It's a routine personal financial management event.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, which suggests the transaction was pre-scheduled and not based on immediate, material non-public information, potentially mitigating concerns about opportunistic insider selling.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the insider's direct equity stake in the company, which can sometimes be perceived negatively by the market as a reduction in management's direct alignment with shareholder interests.

Future Outlook

NA

Industry Context

This is an individual insider transaction and does not directly reflect broader industry trends. However, insider selling activity can sometimes be monitored by investors for sentiment within the shipping or tanker industry, though a 10b5-1 plan sale is often less indicative of immediate sentiment.

Stakeholder Impact

• Shareholders may observe a slight reduction in insider ownership, though the 10b5-1 plan context typically mitigates concerns about negative implications for company performance.

Key Dates

Recommendation

The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan. This type of transaction is generally not considered a strong indicator of future company performance or a change in management's outlook. Therefore, it does not provide sufficient new information to warrant a change in investment recommendation based solely on this filing. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

International Seaways, INSW, Insider Trading, Form 4, Stock Sale, James D. Small III, 10b5-1 Plan, Officer Transaction, Equity Disposal