Derek G. Solon - Mar 9, 2022 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
Senior Vice President
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to a power of attorney previously filed
Stock symbol
INSW
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
4
Date filed
3/11/2022, 05:02 PM
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Common Stock, no par value per share Other +5.87K +28.09% 26.8K Mar 9, 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -3.14K -11.74% 23.6K Mar 9, 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 INSW Performance Restricted Stock Units Disposed to Issuer -5.87K -100% 0 Mar 9, 2022 Common Stock 5.87K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These 5,867 shares of Common Stock are being acquired in connection with the vesting of 5,867 performance restricted stock units on March 9, 2022 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 3,140 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
F2 These 5,867 performance restricted stock units vested on March 9, 2022 and are being settled in shares of Common Stock as reported in Table I of this Form 4.