Form 4: International Seaways Director Timothy Bernlohr Receives and Disposes of Shares

Director Timothy Bernlohr received and disposed of 2,011 shares of International Seaways stock on June 13, 2024, according to a recent SEC filing.

Summary

• On June 13, 2024, Timothy Bernlohr, a director of International Seaways, Inc., acquired 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 annual meeting of stockholders in 2025.
• Following the transaction, Bernlohr beneficially owns 46,191 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive as it aligns director interests with shareholders.

Positives

• The grant of shares to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Stakeholder Impact

• The share grant aligns the director's interests with those of the shareholders.
• The vesting schedule may incentivize the director to contribute to the company's long-term success.

Key Dates