Adewale Oshodi - Feb 29, 2024 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role: Vice President & Controller
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, 07:12 PM
Previous filing: Nov 27, 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		+2.55K	+25.52%		12.6K	Feb 29, 2024	Direct	F1
transaction	INSW	Common Stock, no par value per share	Tax liability		-1.45K	-11.58%		11.1K	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		-2.55K	-100%		0	Feb 29, 2024	Common Stock	2.55K	$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 2,552 shares of Common Stock are being acquired in connection with the vesting of 2,552 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, 1,454 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 2,552 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.

Content

These 2,552 shares of Common Stock are being acquired in connection with the vesting of 2,552 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, 1,454 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.

These 2,552 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.