Form 4: International Seaways CFO Sells 1,000 Shares Under 10b5-1 Trading Plan

Jeffrey Pribor, SVP, CFO & Treasurer of International Seaways, Inc., sold 1,000 shares of common stock at $55.97 per share on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 1, 2024, Jeffrey Pribor, the SVP, CFO & Treasurer of International Seaways, Inc. (INSW), sold 1,000 shares of the company's common stock.
• The sale was executed at a price of $55.97 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan that Mr. Pribor established on June 6, 2023.
• Following the transaction, Mr. Pribor directly owns 38,849 shares of International Seaways, Inc.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by executives are a normal part of corporate governance. It is important to note that the sale was executed under a 10b5-1 trading plan, which allows corporate insiders to set up a predetermined plan to sell company stock. This can help prevent accusations of insider trading, as the trades are executed automatically based on the plan's terms, regardless of any inside information the executive may possess.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates this concern.

Key Dates