INSW (NYSE: INSW) grants RSU and PRSU equity awards to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solon Derek G. reported acquisition or exercise transactions in this Form 4 filing.
International Seaways, Inc. granted Senior Vice President Derek G. Solon two equity awards on June 8, 2026 under its 2025 Management Incentive Plan. He received 5,286 restricted stock units that vest in three equal annual installments, each unit tied to one share of common stock.
He was also granted 5,286 performance restricted stock units measured over a three-year period from January 2, 2026 to December 31, 2028. Vesting depends on return on invested capital and relative total shareholder return, with a performance factor that can adjust earned shares between 50% and 150% of the target, settled in stock or cash net of tax withholdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Solon Derek G.
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,286 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock | 5,286 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,286 shares (Direct, null);
Performance Restricted Stock — 5,286 shares (Direct, null)
Footnotes (1)
- On June 8, 2026, INSW granted the Reporting Person pursuant to the International Seaways 2025 Management Incentive Plan (the "2025 Plan") 5,286 restricted stock units which units vest as to one-third of such units on each of the first, second and third anniversaries of the date of the grant. Each unit represents the right to acquire one share of Common Stock. Settlement of vested units which may be in either shares of Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion, and will be net of any shares deducted for applicable taxes and other withholdings. On June 8, 2026, INSW granted the Reporting Person pursuant to the 2025 Plan, 5,286 performance restricted stock units (PRSUs). Achievement under the PRSUs will be measured using an operating performance metric (return on invested capital, or ROIC) and a market performance metric (total shareholder return, or TSR, relative to the TSR or a peer group or companies), in each case measured over the three-year period beginning on January 2, 2026 and ending on December 31, 2028. Each metric relates to half of the PRSUs granted. These PRSUs represent the right to receive an equivalent number of shares of INSW Common Stock (net of any shares deducted for applicable taxes and other withholdings) if and when the PRSUs vest, assuming a performance factor of 100% achievement. The PRSU grants are subject (so long as at least the minimum performance threshold is achieved) to increase or decrease pursuant to a performance factor that may range from 50% to 150%. The number of shares vesting, if any, will be reported after the Compensation Committee of the Issuer's Board of Directors certifies the achievement of the applicable performance metric following the end of the measurement period.
Key Figures
Restricted stock units granted: 5,286 units
Performance RSUs granted: 5,286 units
Performance period: January 2, 2026 to December 31, 2028
+1 more
4 metrics
Restricted stock units granted
5,286 units
Time-based RSUs granted on June 8, 2026
Performance RSUs granted
5,286 units
PRSUs granted on June 8, 2026
Performance period
January 2, 2026 to December 31, 2028
Measurement period for PRSU ROIC and TSR metrics
Performance factor range
50% to 150%
Range used to adjust PRSU shares earned
Key Terms
Restricted stock units, Performance restricted stock units, 2025 Management Incentive Plan, return on invested capital, +1 more
5 terms
Restricted stock units financial
"5,286 restricted stock units which units vest as to one-third"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance restricted stock units financial
"5,286 performance restricted stock units (PRSUs). Achievement under the PRSUs"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
2025 Management Incentive Plan financial
"pursuant to the International Seaways 2025 Management Incentive Plan"
return on invested capital financial
"measured using an operating performance metric (return on invested capital, or ROIC)"
A percentage that shows how effectively a company turns the money invested in its business—both borrowed funds and shareholders’ equity—into operating profit after taxes. It tells investors whether a company earns more from its core operations than it costs to fund those operations; think of it like the annual return you’d expect from renovating a rental property—higher percentages mean the company uses capital more efficiently and is more likely to create value for shareholders.
FAQ
What equity awards did INSW grant to Derek G. Solon on this Form 4?
INSW granted Senior Vice President Derek G. Solon 5,286 restricted stock units and 5,286 performance restricted stock units. Each unit is linked to one share of common stock, subject to time-based vesting or performance conditions under the 2025 Management Incentive Plan.
How do the INSW restricted stock units for Derek G. Solon vest?
The 5,286 restricted stock units vest in three equal installments, with one-third vesting on each of the first, second and third anniversaries of the June 8, 2026 grant date. Vested units are settled net of any shares used to cover taxes and withholdings.
What performance metrics apply to Derek G. Solon’s INSW PRSUs?
The 5,286 performance restricted stock units use two metrics: return on invested capital and total shareholder return relative to a peer group. Each metric applies to half the PRSUs over a three-year period from January 2, 2026 through December 31, 2028.
How is the number of INSW PRSUs vesting for Derek G. Solon determined?
PRSUs represent the right to receive an equivalent number of INSW shares, assuming 100% performance. The final number can increase or decrease via a performance factor ranging from 50% to 150%, subject to meeting at least the minimum performance threshold.
When will INSW report vesting of Derek G. Solon’s PRSUs?
Vesting will be determined after the Compensation Committee certifies performance following the measurement period ending December 31, 2028. Any shares actually vesting under the PRSUs will be reported after certification, reflecting achievement of the applicable performance metrics.