Derek G. Solon - Apr 7, 2024 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
Senior Vice President
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed
Stock symbol
INSW
Transactions as of
Apr 7, 2024
Transactions value $
$0
Form type
4
Date filed
4/9/2024, 06:30 PM
Previous filing
Mar 19, 2024
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Common Stock Other +11.5K +25.67% 56.1K Apr 7, 2024 Direct F1
transaction INSW Common Stock Tax liability -5.72K -10.2% 50.4K Apr 7, 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 +7.05K 7.05K Apr 7, 2024 Common Stock 7.05K $0.00 Direct F2
transaction INSW Restricted Stock Units Disposed to Issuer +4.41K +440800% 4.41K Apr 7, 2024 Common Stock 4.41K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These 11,462 shares of Common Stock are being acquired in connection with the vesting of (1) 7,054 restricted stock units on April 7, 2024 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "2020 Plan") and (2) 4,408 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 11,462 units, 5,722 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 7,054 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 4,408 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.