Form 4: International Seaways Director Douglas D. Wheat Sells Shares
SEC Form 4 Filing
Director Douglas D. Wheat sold 4,532 shares of International Seaways, Inc. (INSW) at an average price of $58.1534 on June 13, 2024.
Summary
- On June 13, 2024, Douglas D. Wheat, a director of International Seaways, Inc. (INSW), sold 4,532 shares of common stock.
- The sale was executed in multiple trades with prices ranging from $58.000 to $58.215, resulting in a weighted average sale price of $58.1534.
- Following the transaction, Wheat directly owns 20,634 shares of International Seaways, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a director's share sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.
Industry Context
This Form 4 filing indicates insider trading activity, which is common and closely monitored in the shipping industry. Investors often look at these filings to gauge management's sentiment about the company's prospects.
Stakeholder Impact
- The sale of shares by a director could influence investor sentiment and potentially impact the stock price.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of the transaction: Douglas D. Wheat sold 4,532 shares of International Seaways, Inc. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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