Form 4: International Seaways CEO Lois Zabrocky Reports Stock Transactions Following Vesting of Restricted Stock Units

Lois Zabrocky, President and CEO of International Seaways, reports the acquisition and disposal of common stock related to the vesting of restricted stock units on April 7, 2024.

Summary

• On April 7, 2024, Lois K. Zabrocky, President and CEO of International Seaways, Inc., acquired 42,586 shares of common stock due to the vesting of restricted stock units under the company's 2020 Management Incentive Compensation Plan.
• Specifically, 26,607 and 16,379 restricted stock units vested on this date and were settled in shares of common stock.
• To cover the reporting person's tax withholding liability, International Seaways withheld 21,709 shares.
• Following these transactions, Zabrocky directly owns 160,475 shares of International Seaways common stock and 26,208 and 16,380 restricted stock units.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the vesting of stock options is generally a neutral to slightly positive indicator.

Positives

• The vesting of restricted stock units indicates that performance milestones were likely met, which is a positive signal.

Future Outlook

The document does not contain any specific forward-looking statements.

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.

Stakeholder Impact

• The transaction affects the CEO's ownership stake in the company, which is of interest to shareholders.

Key Dates