Adewale Oshodi - Feb 15, 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
Stock symbol
INSW
Transactions as of
Feb 15, 2023
Transactions value $
-$22,963
Form type
4
Date filed
2/17/2023, 04:47 PM
Previous filing
Aug 17, 2022
Next filing
Mar 10, 2023

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 $116K +3.74K +72.23% $30.93 8.91K Feb 15, 2023 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$138K -3.03K -34.03% $45.69 5.88K Feb 15, 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 -3.74K -100% 0 Feb 15, 2023 Common Stock 3.74K $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.