Form 4: International Seaways Director Nadim Z. Qureshi Sells Shares

Director Nadim Z. Qureshi of International Seaways, Inc. sold 5,297 shares of common stock on March 13, 2024, at a weighted average price of $51.7692.

Summary

• Nadim Z. Qureshi, a director of International Seaways, Inc. (INSW), reported a transaction involving the company's common stock.
• On March 13, 2024, Qureshi sold 5,297 shares of common stock.
• The sale was executed in multiple trades at prices ranging from $51.65 to $51.94, with a weighted average sale price of $51.7692.
• Following the transaction, Qureshi directly owns 19,801 shares of International Seaways, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily indicate a broader trend in the shipping industry or at International Seaways.

Stakeholder Impact

• The sale of shares by a director could be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a personal financial decision.

Key Dates