INSW (INSW) VP Oshodi Adewale nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
International Seaways, Inc. Vice President & Controller Oshodi Adewale reported routine equity compensation activity. On March 6, 2026, 672 restricted stock units vested under the 2020 Management Incentive Compensation Plan and were settled in 672 shares of Common Stock.
To cover tax withholding from this vesting, 316 Common shares were disposed of to the company as a tax payment, while the remaining shares increased Adewale’s direct holdings. After these transactions, he directly holds 11,236 shares of Common Stock, with no remaining derivative positions reported. The amendment also notes that it reflects a previously filed gift of 400 shares made on March 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Oshodi Adewale
Role
Vice President & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 672 | $0.00 | -- |
| Other | Common Stock, no par value per share | 672 | $0.00 | -- |
| Tax Withholding | Common Stock, no par value per share | 316 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, no par value per share — 11,552 shares (Direct)
Footnotes (1)
- These 672 shares of Common Stock are being acquired in connection with the vesting of 672 restricted stock units on March 6, 2026 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units 316 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units. This amendment is to reflect the gift of 400 shares made on March 3, 2026 which was filed today. These 672 restricted stock units vested on March 6, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
What insider transactions did INSW executive Oshodi Adewale report on March 6, 2026?
Oshodi Adewale reported the vesting of 672 restricted stock units into 672 Common shares on March 6, 2026, plus related share dispositions to the issuer for tax withholding tied to this equity compensation event.
Were any of Oshodi Adewale’s INSW transactions open-market buys or sells?
No, the filing shows no open‑market purchases or sales. The activity is limited to RSU vesting, settlement into Common Stock, a disposition to the issuer, and 316 shares withheld to cover tax liabilities, all tied to compensation.
What does the tax withholding transaction in the INSW Form 4/A represent?
The tax withholding entry reflects 316 Common shares delivered to International Seaways to pay Adewale’s tax liability arising from the RSU vesting. This is a non‑market disposition and does not represent an open‑market sale of shares.
What compensation plan governs the RSU vesting reported for INSW’s Oshodi Adewale?
The RSU vesting is under the International Seaways, Inc. 2020 Management Incentive Compensation Plan. On March 6, 2026, 672 restricted stock units vested and were settled in shares of Common Stock in accordance with this plan’s terms.
What prior transaction does this INSW Form 4/A amendment reference?
The amendment notes it is being filed to reflect a gift of 400 shares made on March 3, 2026, which was filed on the same day as this amendment. The gift itself is referenced in a footnote to the amended report.