INSW (INSW) CFO exercises options and has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways, Inc. SVP & CFO Jeffrey Pribor exercised stock options and received common shares. He converted options into 13,171 shares of common stock at an exercise price of $21.93 per share, then had 7,965 shares withheld by the company to cover the option exercise cost and related taxes. After these transactions, he directly owned 95,482 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,171 shares exercised/converted
Mixed
3 txns
Insider
Pribor Jeffrey
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 13,171 | $0.00 | -- |
| Exercise | Common Stock, no par value per share | 13,171 | $21.93 | $289K |
| Tax Withholding | Common Stock, no par value per share | 7,965 | $76.50 | $609K |
Holdings After Transaction:
Stock Option (Right to Buy) — 13,171 shares (Direct);
Common Stock, no par value per share — 103,447 shares (Direct)
Footnotes (1)
- These stock options were exercised on a net share settlement basis. Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise. 100% of these options were vested on the date exercisable date.
FAQ
What insider transactions did INSW SVP & CFO Jeffrey Pribor report?
Jeffrey Pribor reported exercising stock options into 13,171 International Seaways common shares. The company then withheld 7,965 shares to cover the option exercise price and tax obligations, resulting in a net increase in his directly held share balance.
Did the INSW insider Form 4 show an open-market stock sale?
The Form 4 did not show an open-market sale. Shares classified as a disposition were withheld by the company to pay the option exercise price and related taxes, rather than sold in the open market to third-party buyers.
What does transaction code M mean in the INSW Form 4 filing?
Transaction code M indicates the exercise or conversion of a derivative security, such as stock options. In this case, stock options were converted into 13,171 International Seaways common shares on a net share settlement basis, as described in the Form 4 footnotes.