Form 4: International Seaways CEO Lois Zabrocky Sells 2,000 Shares Under 10b5-1 Trading Plan
SEC Form 4
Lois Zabrocky, President & CEO of International Seaways, Inc., sold 2,000 shares of common stock at $49.4 per share on August 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 12, 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 price of $49.4 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 10, 2024.
- Following the transaction, Zabrocky directly owns 157,475 shares of International Seaways, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Insider sales are a common occurrence and are often viewed in the context of pre-planned trading activities, especially when executed under Rule 10b5-1 plans. These plans allow insiders to sell shares at predetermined times and prices, avoiding concerns about trading on material non-public information.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 08/12/2024 | Date of the transaction (stock sale) |
| 08/13/2024 | Date of the Form 4 filing |
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