International Seaways (INSW) grants director Kristian Johansen 1,842 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways director Kristian Johansen received a grant of 1,842 shares of Common Stock from the company as equity compensation. The shares were granted under the 2020 Non-Employee Director Incentive Compensation Plan and will vest on the earlier of June 8, 2027 or the 2027 annual stockholders meeting. After this grant, Johansen directly holds 6,957 shares of International Seaways common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johansen Kristian
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,842 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,957 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Director stock grant: 1,842 shares
Post-grant holdings: 6,957 shares
Vesting date: June 8, 2027
3 metrics
Director stock grant
1,842 shares
Common Stock granted on June 8, 2026
Post-grant holdings
6,957 shares
Director Kristian Johansen direct ownership after grant
Vesting date
June 8, 2027
Latest vesting date for 1,842-share grant
Key Terms
2020 Non-Employee Director Incentive Compensation Plan, Common Stock, vest
3 terms
2020 Non-Employee Director Incentive Compensation Plan financial
"pursuant to the Issuer's 2020 Non-Employee Director Incentive Compensation Plan and vest on the earlier"
Common Stock financial
"These 1842 shares of Common Stock were granted to the Reporting Person by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"and vest on the earlier of (i) June 8, 2027 and (ii) the date of the annual meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did International Seaways (INSW) disclose about director Kristian Johansen?
International Seaways reported that director Kristian Johansen received a grant of 1,842 shares of Common Stock. The award was made under the company’s 2020 Non-Employee Director Incentive Compensation Plan as part of his board compensation package.