4/A: International Seaways CEO Sells 2,000 Shares Under 10b5-1 Trading Plan

International Seaways CEO, Lois K. Zabrocky, sold 2,000 shares of common stock at a weighted average price of $41.2825 per share, as part of a pre-arranged 10b5-1 trading plan.

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.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan established on May 10, 2024.
• Following the sale, Ms. Zabrocky directly owns 147,045 shares of International Seaways common stock.
• This filing is an amendment to correct an error in the original filing made on January 16, 2025.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, which is neither particularly positive nor negative. The amendment to correct an error is a minor issue.

Positives

• The sale was conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for executives to avoid accusations of insider trading.

Risks

• While the sale was under a pre-arranged plan, large sales by executives can sometimes be perceived negatively by the market.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often conducted under pre-arranged trading plans to comply with insider trading regulations. This transaction is not unusual and is part of normal executive compensation and financial planning.

Comparison to Industry Standards

• Executive stock sales under 10b5-1 plans are a standard practice across publicly listed companies, including those in the shipping industry like Teekay Corporation (TK) and DHT Holdings (DHT).
• The volume of shares sold by Ms. Zabrocky is relatively small compared to the total outstanding shares of International Seaways, and is not unusual for executive transactions.
• The price range of the sale is within the typical trading range for INSW stock, indicating no unusual market activity.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as it is a routine transaction by an executive.

Key Dates

Keywords

insider trading, 10b5-1 trading plan, stock sale, executive, International Seaways, INSW, Lois K. Zabrocky