[Form 4] International Seaways, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Jeffrey Pribor, SVP & CFO of International Seaways, Inc. (INSW), reported option exercise activity on 09/24/2025. He exercised 17,442 stock options with an exercise price of $19.13 using a net share settlement, and 12,249 shares were withheld by the issuer to satisfy the aggregate exercise price and related withholding taxes. After these transactions Mr. Pribor beneficially owned 68,695 shares. The exercised options were fully vested and had an original exercisable date of 03/29/2020 with an expiration of 03/29/2027.
Positive
- Net-share settlement was used, meaning shares were withheld rather than sold into the open market
- Exercised options were 100% vested, showing the exercise was permitted under the grant terms
Negative
- None.
Insights
TL;DR: Routine insider option exercise via net-settlement; not a market sale and limited immediate market impact.
The filing shows an insider exercising 17,442 options at $19.13 on 09/24/2025 with net-share settlement and 12,249 shares withheld to cover exercise cost and taxes. Because shares were withheld rather than sold on the open market, this transaction is less likely to exert selling pressure. The options were fully vested and expire 03/29/2027, indicating this was an in-schedule liquidity action rather than opportunistic trading.
TL;DR: Transparent, standard disclosure by a named officer; no indications of unusual timing or policy breach.
The Form 4 discloses a standard exercise and withholding to satisfy tax and exercise obligations. The report was executed by an attorney-in-fact and includes vesting and expiration details, meeting Section 16 reporting requirements. There is no indication of coordinated selling or changes in control from the filing itself.