James D. Small III - 02 Mar 2023 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
CAO,SVP,Sec. & General Counsel
Signature
/s/James D. Small III
Issuer symbol
INSW
Transactions as of
02 Mar 2023
Net transactions value
-$168,697
Form type
4
Filing time
06 Mar 2023, 16:31:25 UTC
Previous filing
17 Feb 2023
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 $176,092 +9,205 +15% $19.13 69,056 02 Mar 2023 Direct F1
transaction INSW Common Stock, no par value per share. Tax liability $344,789 -6,590 -9.5% $52.32 62,466 02 Mar 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 -9,205 -100% 0 02 Mar 2023 Common Stock 9,205 $19.13 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 2,615 shares to Mr. Small 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.