INSW CFO exercises 13,171 stock options
International Seaways, Inc. SVP & CFO Jeffrey Pribor exercised stock options for 13,171 shares of common stock at $21.93 per share.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 13,171 | $0.00 | $0.00 |
| Exercise | Common Stock, no par value per share | 13,171 | $21.93 | $289K |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 8,708 | $68.63 | $598K |
Footnotes (3)
- F1. These stock options were exercised on a net share settlement basis.
- F2. 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.
- F3. 100% of these options were vested on the date exercisable date.
FAQ
What did INSW CFO Jeffrey Pribor do in this Form 4 filing?
How many International Seaways (INSW) options did the CFO exercise?
Were the INSW options fully vested when exercised by the CFO?
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