Form 4: International Seaways SVP, CFO Jeffrey Pribor Sells 1,000 Shares Under 10b5-1 Plan

Jeffrey Pribor, SVP and CFO of International Seaways, sold 1,000 shares of common stock at $53.09 per share on March 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 1, 2024, Jeffrey Pribor, the SVP and CFO of International Seaways, Inc. (INSW), sold 1,000 shares of the company's common stock.
• The sale was executed at a price of $53.09 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan that Pribor had established on June 6, 2023.
• Following the transaction, Pribor directly owns 82,161 shares of International Seaways.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider transactions are routinely monitored by investors as they can provide signals, though sales under 10b5-1 plans are less informative due to their pre-arranged nature.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates