Derek G. Solon - 24 Aug 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
Issuer symbol
INSW
Transactions as of
24 Aug 2022
Net transactions value
-$214,324
Form type
4
Filing time
26 Aug 2022, 16:32:31 UTC
Previous filing
11 Apr 2022
Next filing
28 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Common Stock, no par value per share Options Exercise $145,416 +6,486 +24% $22.42 33,263 24 Aug 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $170,596 -5,647 -17% $30.21 27,616 24 Aug 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $214,095 +12,262 +44% $17.46 39,878 24 Aug 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $291,919 -9,663 -24% $30.21* 30,215 24 Aug 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $215,383 +12,515 +41% $17.21 42,730 24 Aug 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $296,390 -9,811 -23% $30.21 32,919 24 Aug 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $161,098 +7,346 +22% $21.93 40,265 24 Aug 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $191,411 -6,336 -16% $30.21 33,929 24 Aug 2022 Direct F2

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 Stock Option (Right to Buy) Options Exercise -6,486 -100% 0 24 Aug 2022 Common Stock 6,486 $22.42 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -12,262 -100% 0 24 Aug 2022 Common Stock 12,262 $17.46 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -12,515 -100% 0 24 Aug 2022 Common Stock 12,515 $17.21 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -7,346 -67% 3,673 24 Aug 2022 Common Stock 7,346 $21.93 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These stock options were exercised on a net share settlement basis.
F2 Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) witholding taxes related to such exercise.
F3 100% of these options were vested on the date exercisable date.
F4 66% of the options granted on April 4, 2020 had vested and were exercisable on April 2, 2022.