William F. Nugent - 08 May 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
Issuer symbol
INSW
Transactions as of
08 May 2024
Transactions value $
-$90,006
Form type
4
Filing time
10 May 2024, 16:31:55 UTC
Previous filing
09 Apr 2024
Next filing
22 May 2024
SEC
View on sec.gov

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 $101K +4.66K +8.29% $21.58 60.9K 08 May 2024 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$191K -3.11K -5.11% $61.29 57.8K 08 May 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 +4.66K 0 08 May 2024 Common Stock 4.66K $21.58 Direct F1, F3
* 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 1,552 shares to Mr. Nugent in connection with these option exercises, 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 100% of these options were vested on the Date Exercisable date.