Form 4: International Seaways SVP, CFO & Treasurer Jeffrey Pribor Sells 1,000 Shares

Jeffrey Pribor, SVP, CFO & Treasurer of International Seaways, Inc., sold 1,000 shares of common stock on July 1, 2024, at a weighted average price of $58.8295.

Summary

• On July 1, 2024, Jeffrey Pribor, the SVP, CFO & Treasurer of International Seaways, Inc. (INSW), sold 1,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $58.8295 per share.
• The price range for the multiple trades was between $57.97 and $59.46.
• Following the transaction, Pribor directly owns 39,849 shares of International Seaways, Inc.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan established on June 6, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. There's no indication of positive or negative implications for the company's performance.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. A sale of shares by a high-ranking officer like the CFO could be interpreted in various ways, but the existence of a pre-arranged trading plan mitigates concerns about opportunistic trading based on inside information.

Stakeholder Impact

• The sale of shares by a company officer may cause short-term concern among shareholders, but the existence of a pre-arranged trading plan should alleviate concerns about insider information being used.

Key Dates