Lois K. Zabrocky - Mar 1, 2024 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
President & CEO, Director
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed
Stock symbol
INSW
Transactions as of
Mar 1, 2024
Transactions value $
-$628,086
Form type
4
Date filed
3/5/2024, 05:40 PM
Previous filing
Mar 4, 2024
Next filing
Mar 8, 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 Options Exercise $425K +19.4K +12.79% $21.93 171K Mar 1, 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$741K -13.7K -8.03% $53.99 157K Mar 1, 2024 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $408K +18.9K +12.03% $21.58 176K Mar 1, 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$720K -13.3K -7.57% $53.99 163K Mar 1, 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 -19.4K -100% 0 Mar 1, 2024 Common Stock 19.4K $21.93 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -18.9K -50% 18.9K Mar 1, 2024 Common Stock 18.9K $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 11,215 shares to Mrs. Zabrocky 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 Options granted on April 2, 2020 had vested and were exercisable on April 2, 2023.
F4 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023.