4/A: International Seaways Executive Oshodi Amends SEC Filing to Reflect Tax Withholding on Stock Vesting

Adewale Oshodi, Vice President & Controller of International Seaways, amends a previous SEC filing to accurately reflect the withholding of shares for tax obligations related to the vesting of restricted stock units.

Summary

• Adewale Oshodi, Vice President & Controller of International Seaways, Inc., filed an amendment to a Form 4 with the SEC.
• The amendment corrects an omission in the original filing regarding the withholding of shares to cover tax payments related to the vesting of restricted stock units.
• On April 7, 2025, 1,344 restricted stock units vested and were settled in shares of Common Stock under the International Seaways, Inc. 2020 Management Incentive Compensation Plan.
• In connection with the vesting, 484 shares were withheld by International Seaways, Inc. to cover Oshodi's tax withholding liability.
• After the transaction, Oshodi directly owns 10,300 shares of International Seaways, Inc. Common Stock.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing related to executive compensation. It doesn't contain any particularly positive or negative information, but it does show that the executive is receiving stock as part of their compensation, which is generally a good sign.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, SEC Filing, International Seaways, INSW, Adewale Oshodi, Restricted Stock Units, Tax Withholding, Beneficial Ownership