INSW CFO exercises options as 8,708 shares are withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways, Inc. SVP & CFO Jeffrey Pribor exercised stock options for 13,171 shares of common stock at $21.93 per share. The options were fully vested and exercised on a net share settlement basis.
To cover the option exercise price and related withholding taxes, 8,708 shares of common stock were withheld at $68.63 per share. After these transactions, Pribor directly holds 104,984 shares of International Seaways common stock. These movements reflect a compensation-related option exercise with shares withheld for tax obligations rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,171 shares exercised/converted
Mixed
3 txns
Insider
Pribor Jeffrey
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 13,171 | $0.00 | -- |
| Exercise | Common Stock, no par value per share | 13,171 | $21.93 | $289K |
| Tax Withholding | Common Stock, no par value per share | 8,708 | $68.63 | $598K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock, no par value per share — 113,692 shares (Direct)
Footnotes (1)
- These stock options were exercised on a net share settlement basis. Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise. 100% of these options were vested on the date exercisable date.
FAQ
What did INSW CFO Jeffrey Pribor do in this Form 4 filing?
Jeffrey Pribor, SVP & CFO of International Seaways (INSW), exercised stock options for 13,171 shares of common stock. The transaction reflects a compensation-related option exercise rather than an open-market purchase or sale of shares.
How many International Seaways (INSW) options did the CFO exercise?
The CFO exercised stock options covering 13,171 shares of International Seaways common stock at an exercise price of $21.93 per share. These options were fully vested on the exercisable date and were settled through a net share settlement structure.
Were the INSW options fully vested when exercised by the CFO?
Yes. The filing notes that 100% of the options exercised by the CFO were vested on the exercisable date. This means the options were fully earned and available to be exercised under the company’s equity compensation terms at that time.