Form 4: International Seaways Executive Nugent Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Senior Vice President William F. Nugent reports acquisition and disposal of International Seaways (INSW) common stock related to the vesting of restricted stock units (RSUs).
Summary
- On March 7, 2025, William F. Nugent, Senior Vice President of International Seaways, Inc. (INSW), acquired 1,779 shares of common stock due to the vesting of restricted stock units (RSUs) under the company's 2020 Management Incentive Compensation Plan.
- Simultaneously, 772 shares were withheld by INSW to cover Nugent's tax withholding liability resulting from the RSU vesting.
- Following these transactions, Nugent directly owns 56,859 shares of INSW common stock.
- The reported transactions were executed pursuant to the vesting of 1,779 restricted stock units on March 7, 2025, settled in shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing detailing routine stock transactions related to executive compensation. It doesn't inherently indicate 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 into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that transactions are being reported in compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: vesting of restricted stock units and subsequent stock acquisition and tax withholding. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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