Form 4: International Seaways Director Kristian Johansen Receives Equity Grant Under Incentive Plan

International Seaways, Inc. Director Kristian Johansen was granted 3,104 shares of common stock as part of the company's non-employee director incentive compensation plan, vesting in 2026.

Summary

• Kristian Johansen, a Director of International Seaways, Inc. (INSW), received a grant of 3,104 shares of common stock.
• The grant occurred on June 10, 2025, with a transaction price of $0 per share, indicating an award rather than a purchase.
• These shares were granted under the Issuer's 2020 Non-Employee Director Incentive Compensation Plan.
• The shares are scheduled to vest on the earlier of June 10, 2026, or the date of the annual meeting of stockholders in 2026.
• Following this transaction, Mr. Johansen beneficially owns a total of 5,115 shares of International Seaways, Inc. common stock.

Sentiment

Score: 7

Explanation: The grant of shares to a director is a standard practice for aligning management/director interests with shareholders and is part of a pre-existing compensation plan, indicating stability in governance and a positive alignment of interests.

Positives

• The grant of shares to a director helps align their interests with those of the company's shareholders.
• The transaction is part of a structured and pre-approved compensation framework, specifically the 2020 Non-Employee Director Incentive Compensation Plan, indicating a consistent approach to governance.

Future Outlook

The granted shares are scheduled to vest on the earlier of June 10, 2026, or the date of the annual meeting of stockholders in 2026.

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation, which is a common practice across industries to incentivize and align the interests of company leadership with shareholders.

Corporate Governance

Related Party Transactions

• The grant of 3,104 shares of common stock to Kristian Johansen, a Director of International Seaways, Inc., constitutes a related party transaction as it involves compensation provided by the issuer to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity grant to a director helps align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• Vesting of the 3,104 granted shares on the earlier of June 10, 2026, or the date of the annual meeting of stockholders in 2026.

Key Dates

Keywords

International Seaways, INSW, Kristian Johansen, Director Compensation, Equity Grant, Stock Award, SEC Form 4, Insider Transaction, Beneficial Ownership