Form 4: International Seaways Director Timothy Bernlohr Receives Equity Grant Under Incentive Plan

International Seaways, Inc. Director Timothy J. Bernlohr was granted 3,104 shares of common stock on June 10, 2025, as part of the company's non-employee director incentive compensation plan.

Summary

• Timothy J. Bernlohr, a Director of International Seaways, Inc. (INSW), was granted 3,104 shares of Common Stock.
• The transaction occurred on June 10, 2025.
• The shares were granted pursuant to the Issuer's 2020 Non-Employee Director Incentive Compensation Plan.
• These shares will vest on the earlier of June 10, 2026, or the date of the annual meeting of stockholders in 2026.
• Following this transaction, Timothy J. Bernlohr beneficially owns 49,295 shares of Common Stock.

Sentiment

Score: 6

Explanation: The document reports a routine equity grant to a director as part of an established compensation plan. This is a standard practice that aligns director interests with shareholders, indicating sound corporate governance, hence a slightly positive sentiment.

Positives

• The grant of shares aligns the director's financial interests with those of the company's shareholders, promoting long-term value creation.
• This transaction is part of a pre-existing incentive compensation plan, indicating a structured approach to director remuneration.

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.

Management Comments

• The 3,104 shares of Common Stock were granted to the Reporting Person by the Issuer on June 10, 2025, pursuant to the Issuer's 2020 Non-Employee Director Incentive Compensation Plan.

Industry Context

The practice of compensating non-employee directors with equity is a common and widely accepted corporate governance practice across various industries, aiming to align the interests of the board with long-term shareholder value.

Comparison to Industry Standards

• The grant of equity to non-executive directors is a standard compensation practice in publicly traded companies, consistent with global benchmarks for corporate governance and incentive alignment.

Corporate Governance

Related Party Transactions

• The grant of 3,104 shares of Common Stock to Timothy J. Bernlohr, a Director of International Seaways, Inc., constitutes a related party transaction as it involves compensation to a member of the company's management.

Stakeholder Impact

• Shareholders: The equity grant aims to align the director's long-term interests with those of the shareholders, potentially leading to improved governance and strategic decisions that benefit shareholder value.

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, Timothy Bernlohr, Form 4, SEC filing, insider transaction, stock grant, director compensation, equity incentive plan