Derek G. Solon - Feb 29, 2024 Form 4 Insider Report for International Seaways, Inc. (INSW)

Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed
Stock symbol
INSW
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 07:08 PM
Previous filing
Dec 18, 2023
Next filing
Mar 12, 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 Other +7.68K +19.79% 46.4K Feb 29, 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -3.9K -8.39% 42.6K Feb 29, 2024 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 Performance Restricted Stock Units Disposed to Issuer -7.68K -100% 0 Feb 29, 2024 Common Stock 7.68K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These 7,675 shares of Common Stock are being acquired in connection with the vesting of 7,675 performance restricted stock units on February 29, 2024 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 3,896 shares are being 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 7,675 performance restricted stock units vested on February 29, 2024 and are being settled in shares of Common Stock as reported in Table I of this Form 4.