Form 4: International Seaways Officer Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Adewale Oshodi, Vice President & Controller of International Seaways, reports acquisition and disposal of common stock related to the vesting of restricted stock units.
Summary
- On April 7, 2024, Adewale Oshodi, Vice President & Controller of International Seaways, Inc., acquired 1,343 shares of common stock due to the vesting of restricted stock units under the company's 2020 Management Incentive Compensation Plan.
- Simultaneously, 652 shares were withheld by International Seaways to cover Mr. Oshodi's tax withholding liability resulting from the vesting.
- After these transactions, Mr. Oshodi beneficially owns 12,538 shares of International Seaways common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
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 routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/07/2024 | Date of transaction: Vesting of 1,343 restricted stock units and subsequent acquisition and disposal of shares. |
| 04/09/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.