Form 4: International Seaways SVP, Chief Financial Officer Jeffrey Pribor Sells 1,000 Shares

Jeffrey Pribor, SVP, Chief Financial Officer & Treasurer of International Seaways, Inc., sold 1,000 shares of common stock on April 1, 2024, at a price of $53.39 per share.

Summary

• On April 1, 2024, Jeffrey Pribor, the SVP, Chief Financial Officer & Treasurer of International Seaways, Inc. (INSW), sold 1,000 shares of the company's common stock.
• The sale was executed at a price of $53.39 per share.
• Following the transaction, Pribor directly owns 69,010 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 the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily reflect a change in the officer's view of the company's prospects.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall company performance and industry trends. It's important to consider the size of the sale relative to the officer's total holdings and whether the sale is part of a pre-planned trading program.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the impact is likely minimal given the pre-planned nature of the transaction.

Key Dates