Form 4: International Seaways Director, David I. Greenberg, Reports Acquisition and Disposal of Common Stock

Director David I. Greenberg reported acquiring and disposing of International Seaways (INSW) common stock on June 13, 2024, according to a Form 4 filing.

Summary

• David I. Greenberg, a director of International Seaways, Inc. (INSW), filed a Form 4 detailing changes in beneficial ownership.
• On June 13, 2024, Greenberg acquired 2,011 shares of INSW common stock as part of the Issuer's 2020 Non-Employee Director Incentive Compensation Plan.
• On the same day, Greenberg disposed of 2,011 shares.
• The shares vest on the earlier of June 13, 2025, or the date of the annual meeting of stockholders in 2025.
• Following these transactions, Greenberg beneficially owns 28,918 shares of INSW common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a standard stock grant and disposal related to director compensation. There is no indication of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This allows investors to track insider sentiment and potential alignment with company performance.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates