Form 4: International Seaways CFO Acquires Shares Through Vesting of Performance Restricted Stock Units

Jeffrey Pribor, CFO of International Seaways, acquired 14,660 shares of common stock on February 29, 2024, through the vesting of performance restricted stock units.

Summary

• On February 29, 2024, Jeffrey Pribor, the SVP, Chief Financial Officer & Treasurer of International Seaways, Inc. (INSW), acquired 14,660 shares of common stock.
• This acquisition resulted from the vesting of 14,660 performance restricted stock units under the International Seaways, Inc. Management Incentive Compensation Plan.
• To cover the reporting person's tax withholding liability, 7,426 shares were withheld by International Seaways, Inc.
• Following these transactions, Pribor directly owns 83,161 shares of International Seaways, Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The vesting suggests performance targets were met, which is mildly positive.

Positives

• The vesting of performance restricted stock units indicates that performance targets were likely met, which is a positive signal.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and are a regular part of the financial markets.

Stakeholder Impact

• The acquisition of shares by a key executive could be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates