Form 4: International Seaways CEO Lois Zabrocky Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Lois Zabrocky, CEO of International Seaways, reports the acquisition and disposal of common stock related to the vesting of restricted stock units (RSUs) on March 15, 2024.
Summary
- On March 15, 2024, Lois K. Zabrocky, the President and CEO of International Seaways, Inc. (INSW), acquired 8,689 shares of common stock due to the vesting of restricted stock units (RSUs).
- These RSUs vested under the International Seaways, Inc. 2020 Management Incentive Compensation Plan and were settled in shares of common stock.
- In connection with the vesting, 4,351 shares were withheld by International Seaways to cover Ms. Zabrocky's tax withholding liability.
- Following these transactions, Ms. Zabrocky directly owns 140,598 shares of International Seaways common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minimal direct impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Vesting of 8,689 restricted stock units and subsequent acquisition of common stock; withholding of 4,351 shares for tax liability. |
| 03/19/2024 | Date of Form 4 filing. |
| 03/15/2025 | Date of transaction: Disposal of 4,351 shares for tax liability. |
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