Director at International Seaways (INSW) awarded 1,842 company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways director Timothy J. Bernlohr received a grant of 1,842 shares of Common Stock on June 8, 2026. The award was made under the company’s 2020 Non-Employee Director Incentive Compensation Plan and will vest on the earlier of June 8, 2027 or the 2027 annual stockholders’ meeting. Following this grant, Bernlohr directly holds 51,137 shares of International Seaways Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BERNLOHR TIMOTHY J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,842 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,137 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 1,842 shares
Post-transaction holdings: 51,137 shares
Grant price: $0.00 per share
+1 more
4 metrics
Shares granted
1,842 shares
Common Stock award on June 8, 2026
Post-transaction holdings
51,137 shares
Director’s direct ownership after grant
Grant price
$0.00 per share
Equity compensation with no cash paid
Vesting date trigger
June 8, 2027
Latest vesting date for granted shares
Key Terms
2020 Non-Employee Director Incentive Compensation Plan, Common Stock, vest
3 terms
2020 Non-Employee Director Incentive Compensation Plan financial
"pursuant to the Issuer's 2020 Non-Employee Director Incentive Compensation Plan and vest on the earlier"
Common Stock financial
"These 1842 shares of Common Stock were granted to the Reporting Person"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"were granted to the Reporting Person ... and vest on the earlier of (i) June 8, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did International Seaways (INSW) disclose in this Form 4 filing?
International Seaways reported that director Timothy J. Bernlohr received 1,842 shares of Common Stock as an equity grant. The award is part of non-employee director compensation and increased his direct holdings to 51,137 shares after the transaction.
Was this INSW Form 4 transaction a market purchase or sale?
No, the Form 4 shows an equity grant, not a market trade. The 1,842 shares of Common Stock were awarded to director Timothy J. Bernlohr as compensation, at a reported price of $0.00 per share, under the 2020 Non-Employee Director Incentive Compensation Plan.