Form 4: International Seaways Director Receives and Disposes of Shares
SEC Form 4
Alexandra Kate Blankenship, a director at International Seaways, Inc., acquired and disposed of shares on June 13, 2024, according to a recent SEC filing.
Summary
- On June 13, 2024, Alexandra Kate Blankenship, a director of International Seaways, Inc., received 2,011 shares of common stock.
- These shares were granted under the company's 2020 Non-Employee Director Incentive Compensation Plan.
- The shares vest on the earlier of June 13, 2025, or the date of the 2025 annual meeting of stockholders.
- The director also disposed of 2,011 shares at $0.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine stock grant to a director. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of a director's stock-based compensation, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.
Stakeholder Impact
- The stock grant aligns the director's interests with those of shareholders, potentially incentivizing decisions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of the transaction where the director acquired and disposed of shares. |
| 06/13/2025 | Vesting date of the granted shares (or earlier if the annual meeting of stockholders in 2025 occurs before this date). |
| 06/17/2024 | Date of signature of the report. |
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