International Seaways (INSW) treasurer logs RSU vesting, tax share withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways, Inc. Treasurer Debra Grillo reported routine equity compensation activity. On July 2, 2026, 904 restricted stock units vested under the company’s 2025 Management Incentive Plan and were settled in 904 shares of common stock. In connection with this vesting, 326 common shares were withheld by International Seaways to cover her tax withholding liability, a non-market transaction. Following these events, she directly holds 2,089 shares of common stock and 1,811 restricted stock units, reflecting ongoing equity-based compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Grillo Debra
Role
Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 904 | $0.00 | -- |
| Other | Common Stock | 904 | $0.00 | -- |
| Tax Withholding | Common Stock | 326 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,811 shares (Direct, null);
Common Stock — 2,089 shares (Direct, null)
Footnotes (1)
- These 904 shares of Common Stock were acquired upon the vesting of 904 restricted stock units on July 2, 2026 pursuant to the International Seaways, Inc. 2025 Management Incentive Plan (the "Plan") which vested units settled in shares of Common Stock. In connection with the vesting of the units, 326 shares were 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. These 904 restricted stock units vested on July 2, 2026 and were settled in shares of Common Stock as reported in Table I of this Form 4.
Key Figures
RSUs vested: 904 units
Shares withheld for taxes: 326 shares
Common shares held after transactions: 2,089 shares
+3 more
6 metrics
RSUs vested
904 units
Vested and settled in common stock on July 2, 2026
Shares withheld for taxes
326 shares
Tax withholding on RSU vesting July 2, 2026
Common shares held after transactions
2,089 shares
Direct holdings following July 2, 2026 events
RSUs remaining after disposition
1,811 units
Restricted stock units held after July 2, 2026 vesting
Tax-withholding shares count
326 shares
Classified as taxWithholdingShares in transaction summary
Restructuring-related shares
904 shares
Classified as restructuringShares tied to RSU settlement
Key Terms
restricted stock units, tax withholding liability, Management Incentive Plan, disposition to issuer, +1 more
5 terms
restricted stock units financial
"These 904 restricted stock units vested on July 2, 2026 and were settled in shares of Common Stock"
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.
tax withholding liability financial
"326 shares were withheld by International Seaways, Inc. in payment of the Reporting Person's tax withholding liability"
Management Incentive Plan financial
"pursuant to the International Seaways, Inc. 2025 Management Incentive Plan (the "Plan")"
A management incentive plan is a structured pay program that rewards company executives and senior managers when they meet specific goals, using cash bonuses, stock awards, or options. It matters to investors because it helps align leaders’ actions with shareholder interests—like tying a coach’s bonus to a team’s wins—while influencing retention, risk-taking and potential share dilution, all of which can affect company performance and stock value.
disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition""
FAQ
What insider transaction did INSW Treasurer Debra Grillo report on this Form 4?
Debra Grillo reported the vesting of 904 restricted stock units that settled in 904 common shares. These equity awards were granted under International Seaways’ 2025 Management Incentive Plan as part of her compensation, rather than being open-market share purchases or sales.
What happened to Debra Grillo’s restricted stock units (RSUs) in this INSW Form 4?
904 restricted stock units vested and were settled in common shares, reducing her RSU balance. After this disposition to the issuer, she holds 1,811 RSUs, which represent additional potential future common shares upon vesting, subject to the plan’s terms and conditions.
Were there any open-market buys or sells by the INSW Treasurer in this Form 4?
No open-market purchases or sales were reported. The Form 4 shows tax withholding of 326 shares and RSU vesting and settlement transactions, which are compensation-related and administrative, not discretionary trading in International Seaways stock on the open market.