International Seaways SVP RSUs Vest, Shares Withheld
International Seaways, Inc. senior vice president William F. Nugent reported routine equity compensation activity.
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Rhea-AI Filing Summary
International Seaways, Inc. senior vice president William F. Nugent reported routine equity compensation activity. On March 6, 2026, 1,780 restricted stock units vested under the company’s 2020 Management Incentive Compensation Plan and were settled in the same number of shares of common stock.
In connection with this vesting, 842 common shares were withheld by International Seaways to cover Mr. Nugent’s tax withholding obligation, a non-market disposition. Following these transactions, he directly holds 53,510 shares of International Seaways common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 1,780 | $0.00 | $0.00 |
| Other | Common Stock, no par value per share | 1,780 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 842 | $0.00 | $0.00 |
Footnotes (2)
- F1. These 1,780 shares of Common Stock are being acquired in connection with the vesting of 1,780 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 842 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. These 1,780 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
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What insider transaction did INSW executive William F. Nugent report?
What is the nature of the RSU transaction reported by INSW’s senior vice president?
Did the INSW Form 4 show any open-market stock sales or buys?
AI-generated analysis. How Rhea-AI works. Not financial advice.