INSW executive equity grant vests as 1,780 RSUs settle into stock
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Nugent William F.
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 1,780 | $0.00 | -- |
| Other | Common Stock, no par value per share | 1,780 | $0.00 | -- |
| Tax Withholding | Common Stock, no par value per share | 842 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, no par value per share — 54,352 shares (Direct)
Footnotes (1)
- 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. 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
What insider transaction did INSW executive William F. Nugent report?
William F. Nugent reported vesting of 1,780 restricted stock units on March 6, 2026. These units were settled in 1,780 shares of International Seaways common stock as part of the company’s 2020 Management Incentive Compensation Plan.
What is the nature of the RSU transaction reported by INSW’s senior vice president?
The transaction reflects routine equity compensation, where 1,780 restricted stock units vested and were settled in common shares. It is tied to International Seaways’ 2020 Management Incentive Compensation Plan rather than discretionary open-market trading activity.
Did the INSW Form 4 show any open-market stock sales or buys?
The Form 4 shows no open-market stock purchases or sales by William F. Nugent. Reported activity consists of RSU vesting, settlement into shares, and 842 shares withheld by International Seaways to cover tax liabilities from the vesting event.