Derek G. Solon - 28 Aug 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
Issuer symbol
INSW
Transactions as of
28 Aug 2023
Net transactions value
-$50,240
Form type
4
Filing time
30 Aug 2023, 17:03:19 UTC
Previous filing
11 Apr 2023
Next filing
18 Dec 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 $100,606 +4,662 +12% $21.58 43,160 28 Aug 2023 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $150,846 -3,386 -7.8% $44.55 39,774 28 Aug 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 -4,662 -50% 4,662 28 Aug 2023 Common Stock 4,662 $21.58 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 1,276 shares to Mr. Solon 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 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023.