Douglas D. Wheat - May 27, 2022 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, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/1/2022, 04:56 PM
Previous filing: Apr 22, 2022
Next filing: Jun 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSG	Class A Common Stock	Award	$0	+55K	+12.54%	$0.00	494K	May 27, 2022	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	Options Exercise	$0	-55K	-100%	$0.00^*	0	May 27, 2022	Class A Common Stock	55K		Direct	F1
transaction	OSG	Restricted Stock Units	Award	$0	+60.8K		$0.00	60.8K	Jun 1, 2022	Class A Common Stock	60.8K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents May 27, 2022 vesting of restricted stock units granted on May 27, 2021 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 June 1, 2023. Each unit represents the right to acquire one share of Class A Common Stock.