Form 4: International Seaways SVP, Derek G. Solon, Sells 4,400 Shares
SEC Form 4 Filing
Derek G. Solon, Senior Vice President of International Seaways, Inc., sold 4,400 shares of common stock at an average price of $33.3858 on March 13, 2025.
Summary
- On March 13, 2025, Derek G. Solon, a Senior Vice President at International Seaways, Inc. (INSW), sold 4,400 shares of the company's common stock.
- The sale was executed at a weighted average price of $33.3858 per share, with individual trades ranging from $33.24 to $33.61.
- Following the transaction, Solon directly owns 50,453 shares of International Seaways, Inc.
- The transaction was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).
Sentiment
Score: 5
Explanation: Neutral. This is a standard SEC filing for an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of transaction: Derek G. Solon sold 4,400 shares of International Seaways, Inc. common stock. |
| 03/14/2025 | Date of report: Form 4 filing date. |
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