Adewale Oshodi - 07 Apr 2023 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
Vice President & Controller
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to a power of attorney previously filed
Issuer symbol
INSW
Transactions as of
07 Apr 2023
Net transactions value
$0
Form type
4
Filing time
11 Apr 2023, 18:21:34 UTC
Previous filing
03 Apr 2023
Next filing
03 Nov 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 Other +1,343 +17% 9,172 07 Apr 2023 Direct F1
transaction INSW Common Stock Tax liability -639 -7% 8,533 07 Apr 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 Restricted Stock Units Disposed to Issuer -1,343 -33% 2,687 07 Apr 2023 Common Stock 1,343 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These 1,343 shares of Common Stock are being acquired in connection with the vesting of 1,343 restricted stock units on April 7, 2023 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan which vested units are being settled in shares of Common Stock. In connection with the vesting of the1,343 units, 639 shares are being withheld by International Seaways, Inc. in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
F2 These 1,343 restricted stock units vested on April 7, 2023 and are being settled in shares of Common Stock as reported in Table I of this Form 4.