Form 4: International Seaways CFO Sells 16,000 Shares
SEC Form 4 Filing
Jeffrey Pribor, SVP and CFO of International Seaways, Inc., sold 16,000 shares of common stock at an average price of $51.5852 on March 13, 2024.
Summary
- On March 13, 2024, Jeffrey Pribor, the SVP, Chief Financial Officer & Treasurer of International Seaways, Inc. (INSW), sold 16,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $51.5852 per share, with individual trades occurring between $51.19 and $51.93.
- Following the transaction, Pribor directly owns 67,956 shares of International Seaways common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways depending on the context.
Industry Context
Insider sales are a common occurrence and can be for various reasons, including diversification, tax planning, or personal expenses. It's important to consider the overall context of insider transactions, including the company's performance and industry trends.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, depending on how it's perceived by the market.
- The sale does not appear to have any direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the stock sale transaction. |
| 03/15/2024 | Date of the Form 4 filing. |
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