William F. Nugent - Aug 17, 2023 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
Senior Vice President
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed
Stock symbol
INSW
Transactions as of
Aug 17, 2023
Transactions value $
-$99,212
Form type
4
Date filed
8/21/2023, 09:16 PM
Previous filing
Apr 11, 2023
Next filing
Mar 4, 2024

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 $80.5K +3.67K +8.65% $21.93 46.1K Aug 17, 2023 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$125K -2.72K -5.89% $46.06 43.4K Aug 17, 2023 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $101K +4.66K +10.74% $21.58 48.1K Aug 17, 2023 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$155K -3.37K -7.01% $46.06 44.7K Aug 17, 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 -3.67K -100% 0 Aug 17, 2023 Common Stock 3.67K $21.93 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -4.66K -50% 4.66K Aug 17, 2023 Common Stock 4.66K $21.58 Direct F1, F2, F4
* 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 2,248 shares to Mr. Nugent in connection with these option exercises, 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 these options were vested on the date exercisable date.
F4 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023.