William F. Nugent - 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
Previous filing: Dec 2, 2021
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 valuer per share	Other		+5.87K	+27.57%		27.1K	Mar 9, 2022	Direct	F1
transaction	INSW	Common Stock, no par valuer per share	Tax liability		-3.14K	-11.56%		24K	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, 3,138 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.

Content

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, 3,138 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.

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.