Derek G. Solon - Aug 28, 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 28, 2023
Transactions value $: -$50,240
Form type: 4
Date filed: 8/30/2023, 05:03 PM
Previous filing: Apr 11, 2023
Next filing: Dec 18, 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	Options Exercise	$101K	+4.66K	+12.11%	$21.58	43.2K	Aug 28, 2023	Direct	F1
transaction	INSW	Common Stock, no par value per share	Tax liability	-$151K	-3.39K	-7.85%	$44.55	39.8K	Aug 28, 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		-4.66K	-50%		4.66K	Aug 28, 2023	Common Stock	4.66K	$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.