Form 4: International Seaways CFO Reports Stock Transactions Following Vesting of Restricted Stock Units

Jeffrey Pribor, CFO of International Seaways, reports the acquisition and disposal of company stock related to the vesting of restricted stock units to cover tax obligations.

Summary

• On April 7, 2024, Jeffrey Pribor, the SVP, Chief Financial Officer & Treasurer of International Seaways, Inc., had restricted stock units vest under the company's 2020 Management Incentive Compensation Plan.
• A total of 18,006 shares were acquired due to the vesting of 10,289 and 7,717 restricted stock units.
• 9,167 shares were withheld by International Seaways to cover Mr. Pribor's tax withholding liability.
• Following these transactions, Mr. Pribor directly owns 77,849 shares of International Seaways common stock.
• The transactions were reported on Form 4, filed with the SEC on April 9, 2024.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the stock ownership of company executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates