INSW SVP reports RSU vesting, tax share withholding
International Seaways, Inc. senior vice president Derek G. Solon reported routine equity compensation activity tied to restricted stock units.
Rhea-AI Filing Summary
International Seaways, Inc. senior vice president Derek G. Solon reported routine equity compensation activity tied to restricted stock units. On March 12, 2026, 3,066 restricted stock units vested and were settled in 3,066 shares of common stock under the company’s 2020 Management Incentive Compensation Plan. In connection with this vesting, 1,495 shares of common stock were withheld by International Seaways to cover Solon’s tax withholding obligations, a non-market disposition that does not involve an open-market sale. After these transactions, Solon directly owned 53,501 shares of common stock, reflecting continued equity exposure to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 3,066 | $0.00 | $0.00 |
| Other | Common Stock, no par value per share | 3,066 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 1,495 | $0.00 | $0.00 |
Footnotes (2)
- F1. These 3,066 shares of Common Stock are being acquired in connection with the vesting of 3,066 restricted stock units on March 12, 2026 pursuant to the 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 1,495 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 3,066 restricted stock units vested on March 12, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
What insider transaction did INSW executive Derek G. Solon report?
Were Derek G. Solon’s INSW transactions open-market buys or sells?
What compensation plan governed Derek G. Solon’s INSW restricted stock units?
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