Adewale Oshodi - 15 Feb 2023 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role: Vice President and Controller
Signature: /s/James D. Small III, Attorney-in-Fact, pursuant to a power of attorney previously filed
Issuer symbol: INSW
Transactions as of: 15 Feb 2023
Net transactions value: -$22,963
Form type: 4
Filing time: 17 Feb 2023, 16:47:16 UTC
Previous filing: 17 Aug 2022
Next filing: 10 Mar 2023
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	$115,524	+3,735	+72%	$30.93	8,906	15 Feb 2023	Direct	F1
transaction	INSW	Common Stock, no par value per share	Tax liability	$138,486	-3,031	-34%	$45.69	5,875	15 Feb 2023	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		-3,735	-100%		0	15 Feb 2023	Common Stock	3,735	$30.93	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 704 shares to Mr. Oshodi 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.