International Seaways (INSW) CFO exercises options and updates holdings
Rhea-AI Filing Summary
International Seaways, Inc. senior vice president and chief financial officer exercised company stock options and adjusted his shareholdings. On 01/05/2026, he exercised 16,000 stock options with an exercise price of $17.21 per share through a net share settlement. To cover the aggregate exercise price and related withholding taxes, 11,169 shares of common stock were withheld by the company at a price of $46.81 per share. Following these transactions, he directly owned 80,073 shares of International Seaways common stock and held 15,289 stock options that remained beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 16,000 | $0.00 | -- |
| Exercise | Common Stock, no par value per share | 16,000 | $17.21 | $275K |
| Tax Withholding | Common Stock, no par value per share | 11,169 | $46.81 | $523K |
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 insider transaction did INSW disclose in this Form 4 filing?
The senior vice president and chief financial officer of International Seaways, Inc. (INSW) exercised 16,000 stock options on 01/05/2026 and had shares withheld to cover the exercise price and taxes.
At what price were the International Seaways options exercised by the CFO?
The CFO exercised 16,000 stock options at an exercise price of $17.21 per share for International Seaways common stock.
How many stock options remain held by the INSW executive after this filing?
Following the exercise, the executive beneficially owned 15,289 stock options related to International Seaways common stock.
What is the role of the reporting person at International Seaways (INSW)?
The reporting person is an officer of International Seaways, Inc., serving as senior vice president and chief financial officer (SVP & CFO).