International Seaways (NYSE: INSW) SVP RSUs vest; shares withheld for tax
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 13, 2026, 1,725 restricted stock units vested under the company’s 2020 Management Incentive Compensation Plan and were settled in 1,725 shares of common stock. In connection with this vesting, 808 shares were withheld by International Seaways to cover Mr. Nugent’s tax withholding obligations, a non-market disposition. After these transactions, he directly holds 55,999 shares of common stock. No open-market purchases or sales were reported in this filing.
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 | 1,725 | $0.00 | -- |
| Other | Common Stock, no par value per share | 1,725 | $0.00 | -- |
| Tax Withholding | Common Stock, no par value per share | 808 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,726 shares (Direct);
Common Stock, no par value per share — 56,807 shares (Direct)
Footnotes (1)
- These 1,725 shares of Common Stock are being acquired in connection with the vesting of 1,725 restricted stock units on March 13, 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 808 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 1,725 restricted stock units vested on March 13, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
What insider transaction did International Seaways (INSW) report for William F. Nugent?
International Seaways reported that senior vice president William F. Nugent had 1,725 restricted stock units vest and settle into common shares on March 13, 2026. These units were granted under the company’s 2020 Management Incentive Compensation Plan as part of his equity compensation.
Did the International Seaways (INSW) insider Form 4 include any open-market stock sales or purchases?
The Form 4 does not report any open-market purchases or sales of International Seaways stock. Reported activity consists of restricted stock units vesting into 1,725 common shares and 808 shares withheld by the company to satisfy tax liabilities tied to that vesting.
What equity plan governed the restricted stock units in the International Seaways (INSW) Form 4?
The restricted stock units vested under the International Seaways, Inc. 2020 Management Incentive Compensation Plan. On March 13, 2026, 1,725 units vested and were settled in common stock, with part of the resulting shares withheld by the company for tax withholding liabilities.