Form 4: International Seaways CAO James D. Small III Reports Stock Transactions
SEC Form 4
James D. Small III, CAO, SVP, Sec. & General Counsel of International Seaways, Inc., reports the acquisition and disposal of common stock related to the vesting of restricted stock units.
Summary
- On March 15, 2024, James D. Small III, CAO, SVP, Sec. & General Counsel of International Seaways, Inc., acquired 3,122 shares of common stock due to the vesting of restricted stock units.
- Simultaneously, 1,656 shares were withheld by International Seaways, Inc. to cover the reporting person's tax withholding liability.
- Following these transactions, Small directly owns 55,677 shares of International Seaways, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting and tax withholding, with no significant positive or negative implications.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market.
Stakeholder Impact
- The transaction affects the reporting person's holdings in the company.
- The tax withholding impacts the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock transaction and vesting of restricted stock units. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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