International Seaways (INSW) grants RSU and performance stock units to VP & Controller
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oshodi Adewale reported acquisition or exercise transactions in this Form 4 filing.
International Seaways, Inc. reported that Vice President & Controller Oshodi Adewale received two equity awards on June 8, 2026 under the company’s 2025 Management Incentive Plan. He was granted 1,508 restricted stock units that vest in equal thirds on each of the first three anniversaries of the grant date, each unit linked to one share of common stock and settleable in shares or cash, net of tax withholdings. He was also granted 1,508 performance restricted stock units, whose vesting depends on operating performance (return on invested capital) and market performance (relative total shareholder return) over the period from January 2, 2026 to December 31, 2028, with the final share payout adjustable between 50% and 150% of the target amount based on performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Oshodi Adewale
Role
Vice President & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,508 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock | 1,508 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,508 shares (Direct, null);
Performance Restricted Stock — 1,508 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") 1,508 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, 1,508 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
Time-based RSUs granted: 1,508 units
Performance RSUs granted: 1,508 units
Vesting schedule (RSUs): 1/3 each year over 3 years
+3 more
6 metrics
Time-based RSUs granted
1,508 units
Restricted stock units granted June 8, 2026
Performance RSUs granted
1,508 units
Performance restricted stock units granted June 8, 2026
Vesting schedule (RSUs)
1/3 each year over 3 years
First, second and third anniversaries of grant date
Performance period
Jan 2, 2026 – Dec 31, 2028
Measurement period for PRSU ROIC and TSR metrics
Performance factor range
50% to 150%
Adjustment range for PRSU share payout
Target payout basis
1,508 shares at 100% achievement
PRSUs assuming performance factor of 100%
Key Terms
restricted stock units, performance restricted stock units, International Seaways 2025 Management Incentive Plan, return on invested capital, +1 more
5 terms
restricted stock units financial
"INSW granted the Reporting Person ... 1,508 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
"INSW granted the Reporting Person ... 1,508 performance restricted stock units (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.
International Seaways 2025 Management Incentive Plan financial
"INSW granted the Reporting Person pursuant to the International Seaways 2025 Management Incentive Plan"
return on invested capital financial
"Achievement under the PRSUs will be 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 Oshodi Adewale on June 8, 2026?
International Seaways granted Oshodi Adewale 1,508 restricted stock units and 1,508 performance restricted stock units on June 8, 2026. Both awards are tied to INSW common stock and were issued under the company’s 2025 Management Incentive Plan.
How do Oshodi Adewale’s INSW restricted stock units vest?
The 1,508 restricted stock units vest in three equal installments on the first, second, and third anniversaries of the June 8, 2026 grant date. Each unit represents the right to acquire one share of International Seaways common stock, net of any shares deducted for taxes.
What performance metrics affect INSW’s performance restricted stock units for Oshodi Adewale?
The performance restricted stock units are tied to two metrics: return on invested capital and total shareholder return relative to a peer group. Each metric governs half of the 1,508 units and is measured over a three-year period from January 2, 2026 to December 31, 2028.
How is the final number of INSW performance restricted stock units determined for Oshodi Adewale?
The final number of shares from the performance restricted stock units is based on a performance factor ranging from 50% to 150%. Assuming 100% achievement, 1,508 shares would vest, adjusted up or down after the Compensation Committee certifies performance following the measurement period.