Form 4: International Seaways CAO Acquires Shares Through Vesting of Restricted Stock Units
SEC Form 4 Filing
James D. Small III, CAO, SVP, Sec. & General Counsel of International Seaways, Inc., acquired 2,201 shares of common stock through the vesting of restricted stock units on March 14, 2025.
Summary
- On March 14, 2025, James D. Small III, CAO, SVP, Sec. & General Counsel of International Seaways, Inc. (INSW), acquired 2,201 shares of common stock due to the vesting of restricted stock units.
- These units vested under the International Seaways, Inc. 2020 Management Incentive Compensation Plan.
- In connection with the vesting, 1,139 shares were withheld by INSW to cover the reporting person's tax withholding liability.
- Following the reported transactions, Small directly owns 67,215 shares of International Seaways, Inc.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Positives
- The vesting of restricted stock units indicates that the executive is incentivized to perform well for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units, a common form of executive compensation in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: vesting of restricted stock units and acquisition/disposal of shares. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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