Form 4: International Seaways CEO Lois Zabrocky Sells 1,000 Shares
SEC Form 4 Filing
Lois Zabrocky, President and CEO of International Seaways, Inc., sold 1,000 shares of common stock on March 1, 2024, at a price of $53.09 per share.
Summary
- On March 1, 2024, Lois K. Zabrocky, the President and CEO of International Seaways, Inc. (INSW), sold 1,000 shares of the company's common stock.
- The sale was executed at a price of $53.09 per share.
- Following the transaction, Zabrocky directly owns 151,487 shares of International Seaways, Inc.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan established on March 8, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-existing trading plan and doesn't necessarily reflect a change in the executive's view of the company's prospects.
Industry Context
Insider sales are a common occurrence and are often viewed in the context of overall company performance and industry trends. It's important to consider the size of the sale relative to the insider's total holdings and whether the sale is part of a pre-planned trading program.
Key Dates
| Date | Description |
|---|---|
| 2023/03/08 | Date of execution of Rule 10b5-1 trading plan |
| 2024/03/01 | Date of stock sale transaction |
| 2024/03/04 | Date of Form 4 filing |
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