INSW VP reports vesting and share withholding
International Seaways, Inc. Vice President & Controller Oshodi Adewale reported equity award activity and related share movements.
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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Restricted Stock Units | 2,014 | $0.00 | $0.00 |
| Other | Common Stock, no par value per share | 2,642 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 1,439 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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?
How many International Seaways (INSW) PRSUs vested for Oshodi Adewale?
What is Oshodi Adewale’s INSW common stock holding after these transactions?
What does the tax-withholding disposition in the INSW Form 4 represent?
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