Form 4: International Seaways SVP and CFO, Jeffrey Pribor, Reports Stock Transactions
SEC Form 4 Filing
Jeffrey Pribor, SVP and CFO of International Seaways, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of common stock.
Summary
- On March 7, 2025, Jeffrey Pribor, SVP and CFO of International Seaways, Inc. (INSW), had 3,524 restricted stock units vest pursuant to the company's 2020 Management Incentive Compensation Plan.
- These vested units were settled in shares of Common Stock.
- In connection with the vesting, INSW withheld 1,713 shares to cover Mr. Pribor's tax withholding liability.
- Following these transactions, Mr. Pribor beneficially owns 54,743 shares of INSW common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on 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.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: Vesting of restricted stock units and tax withholding. |
| 03/11/2025 | Date of report filing. |
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