Form 4: International Seaways CEO Lois Zabrocky Sells 2,000 Shares

International Seaways CEO Lois Zabrocky sold 2,000 shares of common stock at an average price of $41.2825 per share on January 15, 2025.

Summary

• Lois K. Zabrocky, the President and CEO of International Seaways, Inc., sold 2,000 shares of the company's common stock on January 15, 2025.
• The sale was executed at a weighted average price of $41.2825 per share, with individual trades ranging from $40.9500 to $41.5900.
• Following the transaction, Ms. Zabrocky directly owns 147,045 shares of International Seaways common stock.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan established on May 10, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares under pre-arranged trading plans.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate executives to avoid accusations of insider trading.
• The sale of 2,000 shares by the CEO is a relatively small transaction compared to the total shares outstanding for a company of this size.
• Similar filings are regularly made by executives at other publicly traded companies such as Frontline, Teekay, and DHT Holdings.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the small volume and pre-planned nature of the transaction.

Key Dates

Keywords

insider trading, stock sale, Form 4, International Seaways, Lois Zabrocky, INSW, Rule 10b5-1, executive