William F. Nugent - Apr 2, 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
Apr 2, 2022
Transactions value $
$0
Form type
4
Date filed
4/5/2022, 05:51 PM
Previous filing
Mar 18, 2022
Next filing
Apr 6, 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 +1.62K +6.43% 26.8K Apr 2, 2022 Direct F1
transaction INSW Common Stock, no par valuer per share Tax liability -725 -2.7% 26.1K Apr 2, 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 Restricted Stock Units Disposed to Issuer -1.62K -50% 1.62K Apr 2, 2022 Common Stock 1.62K $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 1,621 shares of Common Stock are being acquired in connection with the vesting of 1,621 restricted stock units on April 2, 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, 725 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 1,621 restricted stock units vested on April 2, 2022 and are being settled in shares of Common Stock as reported in Table I of this Form 4.