Jeffrey Pribor - Nov 8, 2022 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
SVP,CFO & Treasurer
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to a power of attorney previously filed
Stock symbol
INSW
Transactions as of
Nov 8, 2022
Transactions value $
-$1,093,056
Form type
4
Date filed
11/10/2022, 04:12 PM
Previous filing
Nov 2, 2022
Next filing
Dec 2, 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 Options Exercise $1.45M +79.5K +175.29% $18.21 125K Nov 8, 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$2.54M -56.2K -45.05% $45.17 68.6K Nov 8, 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 +79.5K 0 Nov 8, 2022 Common Stock 79.5K $18.21 Direct F1, F2, F3
* 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. Accordingly, the Issuer is delivering in aggregate 23,246 shares to Mr. Pribor in connection with this option exercise, with no shares being sold externally.
F2 Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise.
F3 100% of the options vested on the date exercisable date.