Form 4: International Seaways Director Douglas D. Wheat Sells Shares
SEC Form 4 Filing
Director Douglas D. Wheat sold 3,846 shares of International Seaways, Inc. (INSW) at an average price of $51.2246 on March 14, 2024.
Summary
- On March 14, 2024, Douglas D. Wheat, a director of International Seaways, Inc. (INSW), sold 3,846 shares of common stock.
- The sale was executed at a weighted average price of $51.2246 per share, with individual transactions occurring between $51.00 and $51.79.
- Following the transaction, Wheat directly owns 26,056 shares of International Seaways, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a director's sale of shares. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company, and these transactions are reported to the SEC to ensure transparency.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction. However, this appears to be a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Douglas D. Wheat sold shares of International Seaways, Inc. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.