Form 4: International Seaways CEO Lois Zabrocky Sells 2,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Lois Zabrocky, President & CEO of International Seaways, Inc., sold 2,000 shares of common stock at an average price of $50.301 per share on September 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 16, 2024, Lois K. Zabrocky, the President & CEO of International Seaways, Inc. (INSW), sold 2,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $50.301 per share, with individual transaction prices ranging from $49.8100 to $50.6000.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by Zabrocky on May 10, 2024.
- Following the reported transaction, Zabrocky directly owns 155,475 shares of International Seaways common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Sales by company executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which is designed to allow insiders to sell shares without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 2024-05-10 | Date the reporting person adopted the Rule 10b5-1 plan. |
| 2024-09-16 | Date of the transaction (stock sale). |
| 2024-09-17 | Date of the Form 4 filing. |
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