Form 4: International Seaways CEO Lois Zabrocky Reports Stock Transactions Following Vesting of Performance Restricted Stock Units
SEC Form 4 Filing
Lois Zabrocky, CEO of International Seaways, reports acquisition and disposal of company stock related to the vesting of performance restricted stock units on February 27, 2025.
Summary
- Lois K. Zabrocky, the President & CEO of International Seaways, Inc. (INSW), reported transactions involving the company's common stock on February 27, 2025.
- These transactions are related to the vesting of performance restricted stock units (PRSUs) granted on April 7, 2022, under the company's 2020 Management Incentive Compensation Plan.
- Upon vesting of 49,139 PRSUs, Zabrocky acquired 61,423 shares of common stock.
- Simultaneously, 31,384 shares were withheld by INSW to cover Zabrocky's tax withholding liability resulting from the vesting.
- Following these transactions, Zabrocky directly owns 175,084 shares of INSW 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 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-04-07 | Date of grant for the performance restricted stock units. |
| 2025-02-27 | Date of vesting and stock transactions. |
| 2025-03-03 | Date of signature for the Form 4 filing. |
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