Form 4: International Seaways SVP William Nugent Sells 1,000 Shares
SEC Form 4 Filing
Senior Vice President of International Seaways, William F. Nugent, sold 1,000 shares of common stock at a weighted average price of $51.2392 on September 30, 2024.
Summary
- William F. Nugent, a Senior Vice President at International Seaways, Inc., sold 1,000 shares of the company's common stock on September 30, 2024.
- The sale was executed at a weighted average price of $51.2392 per share.
- The price range for the multiple trades was between $51.07 and $51.54.
- Following the transaction, Nugent directly owns 52,803 shares of International Seaways.
- The sale was conducted under a Rule 10b5-1 trading plan established on May 10, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
Insider sales are common and can be for various reasons, including diversification or personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.
Key Dates
| Date | Description |
|---|---|
| May 10, 2024 | Date of execution of Rule 10b5-1 trading plan |
| September 30, 2024 | Date of stock sale transaction |
| October 01, 2024 | Date of Form 4 filing |
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