Form 4: International Seaways SVP William Nugent Sells 1,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Senior Vice President of International Seaways, William F. Nugent, sold 1,000 shares of common stock at $33.89 per share on February 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- William F. Nugent, a Senior Vice President at International Seaways, Inc. (INSW), reported a transaction involving the sale of company stock.
- On February 28, 2025, Nugent sold 1,000 shares of common stock at a price of $33.89 per share.
- The transaction was executed under a Rule 10b5-1 trading plan adopted on May 10, 2024.
- Following the transaction, Nugent directly owns 55,852 shares of International Seaways common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding transactions by company executives.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of execution of Rule 10b5-1 trading plan |
| 02/28/2025 | Date of stock sale transaction |
| 03/03/2025 | Date of Form 4 filing |
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