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

Lois Zabrocky, President & CEO of International Seaways, Inc., sold 2,000 shares of common stock on October 15, 2024, at a weighted average price of $49.2241 per share.

Summary

• Lois K. Zabrocky, the President & CEO of International Seaways, Inc. (INSW), reported a transaction involving the company's common stock.
• On October 15, 2024, Zabrocky sold 2,000 shares of common stock.
• The sale was executed at a weighted average price of $49.2241 per share, with individual trades ranging from $48.51 to $49.95.
• Following the transaction, Zabrocky directly owns 153,475 shares of International Seaways, Inc.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan established on May 10, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company's future.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and potential future performance of the company. A sale doesn't necessarily indicate a negative outlook, especially when executed under a pre-arranged trading plan.

Stakeholder Impact

• The sale of shares by the CEO could be perceived neutrally by shareholders, given the pre-planned nature of the transaction.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal.

Key Dates