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International Seaways (NYSE: INSW) VP RSUs vest, tax shares withheld

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

International Seaways, Inc. reported routine equity compensation activity for Vice President & Controller Adewale Oshodi. On March 6, 2026, 672 restricted stock units vested under the company’s 2020 Management Incentive Compensation Plan and were settled in an equal number of common shares.

Of these shares, 316 were delivered back to International Seaways to cover Oshodi’s tax withholding obligations, a non-market transaction coded as tax withholding. Following these events, Oshodi directly holds 11,636 shares of common stock, reflecting a net increase in his equity position.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Oshodi Adewale

(Last) (First) (Middle)
C/O INTERNATIONAL SEAWAYS, INC.
600 THIRD AVENUE, 39TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
International Seaways, Inc. [ INSW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President & Controller
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, no par value per share 03/06/2026 J(1) 672(1) A (1) 11,952 D
Common Stock, no par value per share 03/06/2026 F(1) 316(1) D (1) 11,636 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(2) $0 03/06/2026 D(2) 672(2) (2) (2) Common Stock(2) 672(2) (2) 0(2) D
Explanation of Responses:
1. These 672 shares of Common Stock are being acquired in connection with the vesting of 672 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 316 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.
2. These 672 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.
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed 03/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider equity transaction did International Seaways (INSW) report for Adewale Oshodi?

International Seaways reported that Vice President & Controller Adewale Oshodi had 672 restricted stock units vest and settle into common shares. Part of these shares was used to satisfy tax withholding, while the remainder increased his direct ownership stake in the company.

How many International Seaways (INSW) RSUs vested for Adewale Oshodi on March 6, 2026?

Adewale Oshodi had 672 restricted stock units vest on March 6, 2026 under the 2020 Management Incentive Compensation Plan. These vested units were settled in 672 shares of International Seaways common stock as part of his ongoing equity compensation.

How many International Seaways (INSW) shares were withheld for taxes in this Form 4?

International Seaways withheld 316 shares of common stock from Adewale Oshodi to cover his tax withholding obligations. This tax-related disposition is a non-market event and does not represent an open-market sale of shares by the executive.

What is Adewale Oshodi’s International Seaways (INSW) shareholding after the reported transactions?

After the March 6, 2026 transactions, Adewale Oshodi directly owns 11,636 shares of International Seaways common stock. This reflects his remaining stake following settlement of vested RSUs and the share withholding used to satisfy related tax liabilities.

Is the International Seaways (INSW) Form 4 for Adewale Oshodi an open-market stock sale?

No, the Form 4 shows compensation-related vesting and tax withholding, not an open-market sale. RSUs vested and converted to shares, and 316 shares were withheld by the company solely to satisfy Oshodi’s tax withholding obligations arising from the vesting.
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