Small James D III - Mar 8, 2023 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role: CAO,SVP,Sec. & General Counsel
Signature: /s/James D. Small III
Stock symbol: INSW
Transactions as of: Mar 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/10/2023, 06:23 PM
Previous filing: Mar 6, 2023
Next filing: Mar 16, 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	Other		+11.8K	+18.82%		74.2K	Mar 8, 2023	Direct	F1
transaction	INSW	Common Stock, no par value per share	Tax liability		-6.4K	-8.63%		67.8K	Mar 8, 2023	Direct	F1

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	Performance Restricted Stock Units	Disposed to Issuer		-11.8K	-100%		0	Mar 8, 2023	Common Stock	11.8K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These 11,759 shares of Common Stock are being acquired in connection with the vesting of 11,759 performance restricted stock units on March 8, 2023 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 6,402 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
F2	These 11,759 performance restricted stock units vested on March 8, 2023 and are being settled in shares of Common Stock as reported in Table I of this Form 4.

Content

These 11,759 shares of Common Stock are being acquired in connection with the vesting of 11,759 performance restricted stock units on March 8, 2023 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 6,402 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.

These 11,759 performance restricted stock units vested on March 8, 2023 and are being settled in shares of Common Stock as reported in Table I of this Form 4.