Form 4: International Seaways Executive James D. Small III Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4
James D. Small III, CAO, SVP, Sec. & General Counsel of International Seaways, Inc., reports acquisition and disposal of common stock related to the vesting of performance restricted stock units.
Summary
- On February 27, 2025, James D. Small III, an officer of International Seaways, Inc., acquired 22,066 shares of common stock due to the vesting of 17,653 performance restricted stock units.
- These units were granted on April 7, 2022, under the company's 2020 Management Incentive Compensation Plan.
- In connection with the vesting, 12,156 shares were withheld by International Seaways to cover the reporting person's tax obligations.
- Following these transactions, Small directly owns 65,048 shares of International Seaways common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The transaction affects the ownership structure of the company and provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-04-07 | Date performance restricted stock units were granted. |
| 2025-02-27 | Date of stock acquisition and disposal due to vesting of restricted stock units. |
| 2025-03-03 | Date of Form 4 filing. |
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