Douglas D. Wheat - May 27, 2021 Form 4 Insider Report for OVERSEAS SHIPHOLDING GROUP INC (OSG)

Role: Director, Chairman of the Board
Signature: /s/ Douglas D Wheat by Susan Allan, attorney-in-fact
Stock symbol: OSG
Transactions as of: May 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/28/2021, 02:31 PM
Next filing: Jun 3, 2021

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	+56.4K	+14.76%	$0.00	439K	May 28, 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	+55K		$0.00	55K	May 27, 2021	Class A Common Stock	55K	$0.00	Direct	F2
transaction	OSG	Restricted Stock Units	Options Exercise	$0	-56.4K	-100%	$0.00^*	0	May 28, 2021	Class A Common Stock	56.4K	$0.00	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.