International Seaways (INSW) VP reports PRSU vesting and share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways, Inc. Vice President & Controller Oshodi Adewale reported equity award activity and related share movements. On February 26, 2026, 2,014 performance restricted stock units were disposed of to the issuer as they vested and were settled in common shares.
In connection with this vesting under the company’s 2020 Management Incentive Compensation Plan, 2,642 shares of common stock were acquired and 1,439 shares were withheld by International Seaways to cover the reporting person’s tax withholding liability. After these transactions, the reporting person directly held 11,280 common shares.
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 | Performance Restricted Stock Units | 2,014 | $0.00 | -- |
| Other | Common Stock, no par value per share | 2,642 | $0.00 | -- |
| Tax Withholding | Common Stock, no par value per share | 1,439 | $0.00 | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 0 shares (Direct);
Common Stock, no par value per share — 12,719 shares (Direct)
Footnotes (1)
- These 2,642 shares of Common Stock are being acquired after vesting on February 26, 2026 in connection with the vesting of 2,014 performance restricted stock units granted on March 8, 202 pursuant to 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, 1,439 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 performance restricted stock units vested on February 26, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
What insider transactions did INSW executive Oshodi Adewale report on this Form 4?
The filing reports vesting of 2,014 performance restricted stock units on February 26, 2026, settled in common shares. It also shows 2,642 common shares acquired and 1,439 shares withheld by International Seaways to satisfy the executive’s tax withholding obligation from the vesting.
How many International Seaways (INSW) PRSUs vested for Oshodi Adewale?
Adewale had 2,014 performance restricted stock units vest on February 26, 2026. These units were granted under International Seaways’ 2020 Management Incentive Compensation Plan and were settled in shares of common stock as disclosed in the Form 4 footnotes.
What is Oshodi Adewale’s INSW common stock holding after these transactions?
Following the reported transactions on February 26, 2026, Oshodi Adewale directly owned 11,280 shares of International Seaways common stock. This balance reflects the shares acquired from vesting and the 1,439 shares withheld by the company to pay associated tax obligations.
What does the tax-withholding disposition in the INSW Form 4 represent?
The Form 4 shows 1,439 International Seaways shares disposed of through code F, representing shares withheld by the issuer. These withheld shares paid the reporting person’s tax withholding liability triggered by the vesting and settlement of performance restricted stock units into common shares.