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 common stock and restricted stock units related to vesting.
Summary
- On March 8, 2024, Adewale Oshodi, Vice President & Controller of International Seaways, Inc. (INSW), acquired 671 shares of common stock due to the vesting of restricted stock units.
- Simultaneously, 307 shares were withheld by INSW to cover the reporting person's tax withholding liability.
- Following these transactions, Oshodi directly owns 11,462 shares of INSW common stock and 1,343 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: vesting of restricted stock units and acquisition/disposal of common stock. |
| 03/12/2024 | Date of report filing. |
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