DOUGLAS D. WHEAT - 27 May 2021 Form 4 Insider Report for OVERSEAS SHIPHOLDING GROUP INC

Role: Director, Chairman of the Board
Signature: /s/ Douglas D Wheat by Susan Allan, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 27 May 2021
Net transactions value: $0
Form type: 4
Filing time: 28 May 2021, 14:31:17 UTC
Next filing: 03 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSG	Class A Common Stock, par value $.01 per share	Award	$0	+56,400	+15%	$0.000000	438,633	28 May 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OSG	Restricted Stock Units	Award	$0	+55,000		$0.000000	55,000	27 May 2021	Class A Common Stock	55,000	$0.000000	Direct	F2
transaction	OSG	Restricted Stock Units	Options Exercise	$0	-56,400	-100%	$0.000000^*	0	28 May 2021	Class A Common Stock	56,400	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents May 28, 2021 vesting of restricted stock units granted on May 28, 2020 pursuant to the Overseas Shipholding Group, Inc. Non-Employee Director Incentive Compensation Plan. Each unit represents the right to acquire one share of Class A Common Stock.
F2	These restricted stock units were granted pursuant to the Overseas Shipholding Group, Inc. Non-Employee Director Incentive Compensation Plan and vest on May 27, 2022. Each unit represents the right to acquire one share of Class A Common Stock.