Lois K. Zabrocky - 01 Mar 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
Issuer symbol
INSW
Transactions as of
01 Mar 2024
Net transactions value
-$628,086
Form type
4
Filing time
05 Mar 2024, 17:40:16 UTC
Previous filing
04 Mar 2024
Next filing
08 Mar 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 $424,784 +19,370 +13% $21.93 170,857 01 Mar 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $740,959 -13,724 -8% $53.99 157,133 01 Mar 2024 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $407,884 +18,901 +12% $21.58 176,034 01 Mar 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $719,795 -13,332 -7.6% $53.99 162,702 01 Mar 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 -19,370 -100% 0 01 Mar 2024 Common Stock 19,370 $21.93 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -18,901 -50% 18,901 01 Mar 2024 Common Stock 18,901 $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.