Form 4: International Seaways SVP, Chief Financial Officer Jeffrey Pribor Reports Stock Transactions

Jeffrey Pribor, SVP, Chief Financial Officer & Treasurer of International Seaways, Inc., reports the acquisition and disposal of common stock related to the vesting of restricted stock units on March 15, 2024.

Summary

• On March 15, 2024, Jeffrey Pribor, SVP, Chief Financial Officer & Treasurer of International Seaways, Inc., acquired 4,093 shares of common stock due to the vesting of restricted stock units.
• Simultaneously, 2,039 shares were withheld by International Seaways, Inc. to cover the reporting person's tax withholding liability.
• Following these transactions, Pribor directly owns 70,010 shares of International Seaways, Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the vesting of stock options is generally a positive sign for the executive and potentially the company's performance.

Positives

• The vesting of restricted stock units suggests a positive performance incentive for the executive.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The vesting of restricted stock units is a common compensation method used to incentivize executives in line with company performance, similar to practices at companies like Teekay Corporation and DHT Holdings.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with the company's stock performance.

Key Dates