Form 4: International Seaways CAO James D. Small III Reports Stock Transactions
SEC Form 4 Filing
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 7, 2025, 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, 1,195 shares were withheld by International Seaways, Inc. to cover the reporting person's tax withholding liability.
- Following these transactions, Small directly owns 66,153 shares of International Seaways, Inc. common stock.
- The 2,300 restricted stock units vested on March 7, 2025, and were settled in shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the reporting person's stake in the company.
- The tax withholding impacts the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: vesting of restricted stock units and subsequent stock acquisition and tax withholding. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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