Form 4: International Seaways CEO Lois Zabrocky Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Lois Zabrocky, President and CEO of International Seaways, reports the acquisition and disposal of shares related to the vesting of restricted stock units (RSUs) on April 7, 2025.
Summary
- On April 7, 2025, Lois Zabrocky, the President and CEO of International Seaways, Inc., acquired 42,590 shares of common stock due to the vesting of restricted stock units.
- These shares resulted from the vesting of 26,209 and 16,381 restricted stock units under the company's 2020 Management Incentive Compensation Plan.
- To cover tax withholding obligations, 21,376 shares were withheld by International Seaways, Inc.
- Following these transactions, Zabrocky directly owns 200,771 shares of International Seaways common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of granting and vesting restricted stock units as part of executive compensation packages.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in executive stock ownership, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/07/2025 | Date of transaction: vesting of restricted stock units and subsequent acquisition and disposal of shares. |
| 04/09/2025 | Date of filing of the SEC Form 4. |
Keywords
International Seaways, INSW, Lois Zabrocky, SEC Form 4, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Stock Acquisition, Tax Withholding, Management Incentive Compensation Plan
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