Form 4: International Seaways Executive Reports Stock Transactions Following RSU Vesting

Derek G. Solon, a Senior Vice President at International Seaways, reports the acquisition and disposal of company stock related to the vesting of restricted stock units.

Summary

• On March 14, 2025, Derek G. Solon, a Senior Vice President at International Seaways, acquired 1,725 shares of common stock due to the vesting of restricted stock units (RSUs) under the company's 2020 Management Incentive Compensation Plan.
• Simultaneously, 707 shares were withheld by International Seaways to cover Mr. Solon's tax obligations resulting from the vesting.
• Following these transactions, Mr. Solon directly owns 51,471 shares of International Seaways common stock and 3,451 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation event. It's neutral to slightly positive as it indicates continued alignment of management with shareholder interests.

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 alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are standard practice in the shipping industry and other sectors.
• Companies like Teekay Corporation and DHT Holdings also utilize RSUs as part of their executive compensation plans.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.

Stakeholder Impact

• Shareholders may view this as a routine part of executive compensation.
• Employees may see this as part of the company's compensation and benefits structure.

Key Dates