James D. Small III - 17 Jan 2024 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
CAO,SVP,Sec. & General Counsel
Signature
/s/James D. Small III
Issuer symbol
INSW
Transactions as of
17 Jan 2024
Net transactions value
-$339,496
Form type
4
Filing time
19 Jan 2024, 17:30:10 UTC
Previous filing
18 Dec 2023
Next filing
22 Jan 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 Options Exercise $228,905 +10,438 +24% $21.93 53,155 17 Jan 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $403,724 -7,812 -15% $51.68 45,343 17 Jan 2024 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $219,771 +10,184 +22% $21.58 55,527 17 Jan 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $384,448 -7,439 -13% $51.68 48,088 17 Jan 2024 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 -10,438 -100% 0 17 Jan 2024 Common Stock 10,438 $21.93 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -10,184 -50% 10,187 17 Jan 2024 Common Stock 10,184 $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 5,371 shares to Mr. Small in connection with this option exercise, 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 66.67% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023.