STOCK TITAN

International Seaways (INSW) VP reports PRSU vesting and share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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Negative

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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)
  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.
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
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OMB Number: 3235-0287
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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)
02/26/2026
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 02/26/2026 J(1) 2,642(1) A (1) 12,719 D
Common Stock, no par value per share 02/26/2026 F(1) 1,439(1) D (1) 11,280 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
Performance Restricted Stock Units(2) $0 02/26/2026 D(2) 2,014(2) (2) (2) Common Stock(2) 2,642(2) (2) 0(2) D
Explanation of Responses:
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.
2. 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.
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed 03/02/2026
** 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).
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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.

How many INSW shares were acquired and withheld in this Form 4 filing?

The executive acquired 2,642 shares of International Seaways common stock upon vesting of performance units. Of these, 1,439 shares were withheld by the company to cover tax withholding liabilities associated with the vesting, leaving the remainder credited to the executive’s direct holdings.

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.