James D. Small III - 07 Apr 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
07 Apr 2024
Net transactions value
$0
Form type
4
Filing time
09 Apr 2024, 18:26:53 UTC
Previous filing
19 Mar 2024
Next filing
17 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Comon Stock Other +15,298 +27% 70,975 07 Apr 2024 Direct F1
transaction INSW Common Stock Tax liability -8,337 -12% 62,638 07 Apr 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 Restricted Stock Units Disposed to Issuer +9,414 +941400% 9,415 07 Apr 2024 Common Stock 9,414 $0.000000 Direct F2
transaction INSW Restricted Stock Units Disposed to Issuer +5,884 5,884 07 Apr 2024 Common Stock 5,884 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These 15,298 shares of Common Stock are being acquired in connection with the vesting of (1) 9,414 restricted stock units on April 7, 2024 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "2020 Plan") and (2) 5,884 restricted stock units on April 7, 2024 pursuant to the 2020 Plan which vested units are being settled in shares of Common Stock. In connection with the vesting of the 15,298 units, 8,337 shares are being withheld by International Seaways, Inc. in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
F2 These 9,414 restricted stock units vested on April 7, 2024 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
F3 These 5,884 restricted stock units vested on April 7, 2024 and are being settled in shares of Common Stock as reported in Table I of this Form 4.