INSW VP reports RSU vesting and tax share swap
International Seaways, Inc. Vice President & Controller Oshodi Adewale reported routine equity compensation activity.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 672 | $0.00 | $0.00 |
| Other | Common Stock, no par value per share | 672 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 316 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. This amendment is to reflect the gift of 400 shares made on March 3, 2026 which was filed today.
- F3. 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?
Were any of Oshodi Adewale’s INSW transactions open-market buys or sells?
What does the tax withholding transaction in the INSW Form 4/A represent?
What compensation plan governs the RSU vesting reported for INSW’s Oshodi Adewale?
What prior transaction does this INSW Form 4/A amendment reference?
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