Form 4: International Seaways Executive Adewale Oshodi Reports Stock Transactions
SEC Form 4 Filing
Adewale Oshodi, Vice President & Controller of International Seaways, reports the acquisition and disposal of company stock related to the vesting of restricted stock units.
Summary
- On March 15, 2024, Adewale Oshodi, Vice President & Controller of International Seaways, acquired 713 shares of common stock due to the vesting of restricted stock units.
- Simultaneously, 328 shares were withheld by International Seaways to cover the reporting person's tax withholding liability.
- Following these transactions, Oshodi directly owns 11,847 shares of International Seaways common stock.
- The 713 restricted stock units vested on March 15, 2024, and were settled in shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for market confidence and regulatory compliance.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation.
- The transaction has a minor impact on the total number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction: vesting of restricted stock units and subsequent stock acquisition and tax withholding. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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