Susan Allan - 22 Mar 2024 Form 4 Insider Report for OVERSEAS SHIPHOLDING GROUP INC (OSG)

Role
VP, General Counsel & Corp Sec
Signature
/s/ Susan Allan
Issuer symbol
OSG
Transactions as of
22 Mar 2024
Net transactions value
-$75,883
Form type
4
Filing time
26 Mar 2024, 21:47:57 UTC
Previous filing
29 Feb 2024
Next filing
03 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSG Class A Common Stock Options Exercise $0 +11,230 +3.9% $0.000000 302,774 22 Mar 2024 Direct F1
transaction OSG Class A Common Stock Tax liability $17,203 -2,735 -0.9% $6.29 300,039 22 Mar 2024 Direct F2
transaction OSG Class A Common Stock Options Exercise $0 +14,773 +4.9% $0.000000 314,812 22 Mar 2024 Direct F3
transaction OSG Class A Common Stock Tax liability $22,625 -3,597 -1.1% $6.29 311,215 22 Mar 2024 Direct F2
transaction OSG Class A Common Stock Options Exercise $0 +12,898 +4.1% $0.000000 324,113 22 Mar 2024 Direct F4
transaction OSG Class A Common Stock Tax liability $19,820 -3,151 -0.97% $6.29 320,962 22 Mar 2024 Direct F2
transaction OSG Class A Common Stock Options Exercise $0 +10,597 +3.3% $0.000000 331,559 22 Mar 2024 Direct F5
transaction OSG Class A Common Stock Tax liability $16,234 -2,581 -0.78% $6.29 328,978 22 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 OSG Performance Restricted Stock Units Award $0 +11,851 $0.000000 11,851 22 Mar 2024 Class A Common Stock 11,851 Direct F6
transaction OSG Performance Restricted Stock Units Award $0 +11,851 $0.000000 11,851 22 Mar 2024 Class A Common Stock 11,851 Direct F6
transaction OSG Restricted Stock Units Award $0 +23,704 $0.000000 23,704 22 Mar 2024 Class A Common Stock 23,704 Direct F7
transaction OSG Restricted Stock Units Options Exercise $0 -11,230 -100% $0.000000* 0 22 Mar 2024 Class A Common Stock 11,230 Direct F1
transaction OSG Restricted Stock Units Options Exercise $0 -14,773 -50% $0.000000 14,773 22 Mar 2024 Class A Common Stock 14,773 Direct F3
transaction OSG Restricted Stock Units Options Exercise $0 -12,898 -33% $0.000000 25,796 22 Mar 2024 Class A Common Stock 25,796 Direct F4
transaction OSG Restricted Stock Units Options Exercise $0 -10,597 -37% $0.000000 17,663 22 Mar 2024 Class A Common Stock 10,597 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of final installment of restricted stock units granted on March 23, 2021 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to one-third of the units granted on the first, second and third anniversaries of the date of grant. Each unit represents the right to acquire one share of OSG Class A Common Stock.
F2 Represents shares of Class A Common Stock withheld by the registrant in payment of the reporting person's tax withholding liability incurred as a result of the vesting of the Restricted Stock Units and Performance Restricted Stock Units.
F3 These restricted stock units were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
F4 These restricted stock units were granted on March 23, 2023 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
F5 Represents vesting of an installment of restricted stock units that were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to 20% of the units granted on the first anniversary, 30% on the second anniversary and 50% on the third anniversary, respectfully, of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
F6 These restricted stock units were granted on March 22, 2024 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest on December 31, 2026 (the end of the three-year performance period). Each unit represents the right to acquire one share of Class A Common Stock, subject to the satisfaction of the applicable performance goal. Settlement of the vested units may be in either shares of Class A Common Stock or cash, as determined by the Human Resources and Compensation Committee of the Board in its discretion.
F7 These restricted stock units were granted on March 22, 2024 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.