Form 4: International Seaways CEO Lois Zabrocky Reports Stock Transactions Following RSU Vesting

CEO Lois Zabrocky reports acquisition and disposal of International Seaways stock related to the vesting of restricted stock units (RSUs) to cover tax obligations.

Summary

• On March 7, 2025, Lois K. Zabrocky, the President and CEO of International Seaways, Inc. (INSW), acquired 6,510 shares of common stock due to the vesting of restricted stock units (RSUs) under the company's 2020 Management Incentive Compensation Plan.
• Simultaneously, 3,234 shares were withheld by INSW to cover Zabrocky's tax withholding liability resulting from the RSU vesting.
• Following these transactions, Zabrocky directly owns 178,360 shares of INSW common stock.
• The vested RSUs, also numbering 6,510, were settled in shares of common stock as reported in Table I of the Form 4.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating alignment of management interests with shareholders. The sentiment is neutral to slightly positive.

Positives

• The vesting of RSUs indicates that the CEO is incentivized and aligned with the company's performance goals.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel and their alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive incentives with long-term company performance.
• Tax withholding practices related to RSU vesting are standard across publicly traded companies.
• Form 4 filings are a standard regulatory requirement for reporting changes in beneficial ownership by company insiders.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning executive compensation with company performance.

Key Dates