International Seaways (NYSE: INSW) VP RSUs vest, tax shares withheld
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Oshodi Adewale
Role
Vice President & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 672 | $0.00 | -- |
| Other | Common Stock, no par value per share | 672 | $0.00 | -- |
| Tax Withholding | Common Stock, no par value per share | 316 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, no par value per share — 11,952 shares (Direct)
Footnotes (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. 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.
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.
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.