Adewale Oshodi - 23 Nov 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
23 Nov 2023
Net transactions value
$0
Form type
4
Filing time
27 Nov 2023, 16:35:20 UTC
Previous filing
03 Nov 2023
Next filing
04 Mar 2024
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 Other +635 +6.6% 10,226 23 Nov 2023 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -226 -2.2% 10,000 23 Nov 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 -635 -100% 0 23 Nov 2023 Common Stock 635 $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 635 shares of Common Stock were acquired upon the vesting of 635 restricted stock units on November 23, 2023 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units settled in shares of Common Stock. In connection with the vesting of the units, 226 shares were 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 635 restricted stock units vested on November 23, 2023 and were settled in shares of Common Stock as reported in Table I of this Form 4.