Form 4: International Seaways CAO James D. Small III Reports Stock Transactions

James D. Small III, CAO, SVP, Sec. & General Counsel of International Seaways, Inc., reports acquisition and disposal of common stock related to vesting of restricted stock units.

Summary

• On March 8, 2024, James D. Small III, CAO, SVP, Sec. & General Counsel of International Seaways, Inc., acquired 2,300 shares of common stock due to the vesting of restricted stock units.
• Simultaneously, 1,212 shares were withheld by International Seaways to cover the reporting person's tax withholding liability.
• Following these transactions, Small directly owns 54,211 shares of International Seaways common stock and 4,600 restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine compensation-related transactions. No indication of unusual activity or concerns.

Positives

• The vesting of restricted stock units suggests a continued alignment of management's interests with those of the shareholders.

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 previously granted equity compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with the company's performance.

Key Dates