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INSW (INSW) VP Oshodi reports RSU vesting and share tax withholding

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

Rhea-AI Filing Summary

International Seaways, Inc. Vice President & Controller Adewale Oshodi reported routine equity compensation activity tied to restricted stock units. On March 13, 2026, 641 restricted stock units vested and were settled into 641 shares of common stock. In connection with this vesting, 261 shares were withheld by International Seaways to cover tax withholding obligations, a non-market disposition. The transactions leave Oshodi with 12,200 common shares held directly, reflecting a modest, compensation-driven increase in ownership rather than an open-market trade.

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)
03/13/2026
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 03/13/2026 J(1) 641(1) A (1) 12,461 D
Common Stock, no par value per share 03/13/2026 F(1) 261(1) D (1) 12,200 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 03/13/2026 D(2) 641(2) (2) (2) Common Stock(2) 641(2) (2) 641(2) D
Explanation of Responses:
1. These 641 shares of Common Stock are being acquired in connection with the vesting of 641 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 261 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 641 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.
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed 03/16/2026
** 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 transaction did INSW executive Adewale Oshodi report on this Form 4?

Adewale Oshodi reported vesting of 641 restricted stock units that were settled into common shares. As part of this event, some of the resulting shares were withheld to cover tax obligations, reflecting routine equity compensation activity rather than an open-market trade.

How many International Seaways (INSW) RSUs vested for Adewale Oshodi?

A total of 641 restricted stock units vested for Adewale Oshodi. These units were granted under the company’s 2020 Management Incentive Compensation Plan and were settled in an equal number of common shares upon vesting on March 13, 2026.

How many INSW shares were withheld for taxes in Oshodi’s Form 4 filing?

The filing shows that 261 shares of common stock were withheld by International Seaways to satisfy Oshodi’s tax withholding liability arising from the RSU vesting. This tax withholding is not an open-market sale and serves only to cover tax obligations.

What is Adewale Oshodi’s INSW shareholding after the reported Form 4 transactions?

Following the reported transactions, Adewale Oshodi directly holds 12,200 shares of common stock. This balance reflects the shares received from RSU vesting, net of the portion withheld by the company to cover associated tax withholding requirements.

Were Adewale Oshodi’s INSW transactions open-market buys or sells?

No open-market buys or sells were reported. The Form 4 reflects equity compensation vesting, an internal adjustment from restricted stock units to shares, plus tax withholding where the issuer retained some shares to satisfy Oshodi’s tax liability.

Under which plan did Adewale Oshodi’s restricted stock units in INSW vest?

The 641 restricted stock units vested under the International Seaways, Inc. 2020 Management Incentive Compensation Plan. Upon vesting on March 13, 2026, these units were settled in common shares, with part of the resulting shares withheld for taxes.
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