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 June 3, 2024, at a weighted average price of $63.9265.

Summary

• On June 3, 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 $63.9265 per share.
• The transactions occurred at prices ranging from $63.62 to $64.64.
• Following the transaction, Pribor directly owns 75,849 shares of International Seaways, Inc.
• The sale was conducted under a Rule 10b5-1 trading plan established on June 6, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a routine Form 4 filing for a pre-planned stock sale. While insider sales can sometimes be viewed negatively, the existence of a 10b5-1 plan mitigates concerns.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and potential future performance of the company. A sale of shares by a high-ranking officer like the CFO can be interpreted in various ways, but is generally viewed negatively by the market.

Stakeholder Impact

• The sale of shares by a high-ranking officer could potentially create uncertainty among shareholders.

Key Dates