INSW CFO exercises options, updates share holdings
International Seaways SVP & CFO Jeffrey Pribor reported an option exercise and related share withholding.
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Rhea-AI Filing Summary
International Seaways SVP & CFO Jeffrey Pribor reported an option exercise and related share withholding. On 02/04/2026 he exercised stock options for 15,289 shares of common stock at $17.21 per share, using a net share settlement method. To cover the aggregate exercise price and withholding taxes, 9,899 shares of common stock were withheld by the company at $58.96 per share. Following these transactions, he directly beneficially owned 84,463 shares of International Seaways common stock, and the reported stock option grant had no remaining derivative securities outstanding.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 15,289 | $0.00 | $0.00 |
| Exercise | Common Stock, no par value per share | 15,289 | $17.21 | $263K |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 9,899 | $58.96 | $584K |
Footnotes (3)
- F1. These stock options were exercised on a net share settlement basis.
- F2. 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.
- F3. 100% of these options were vested on the date exercisable date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INSW SVP & CFO Jeffrey Pribor report?
Jeffrey Pribor reported exercising stock options for 15,289 shares of International Seaways common stock on 02/04/2026. The transaction converted a vested option grant into shares and was executed on a net share settlement basis according to the filing’s footnotes.
Were the INSW stock options fully vested when Jeffrey Pribor exercised them?
Yes. The filing states that 100% of the options were vested on the date they became exercisable. The exercised options, with an exercise price of $17.21 per share, were therefore fully vested when exercised on 02/04/2026.
How many INSW derivative securities remain after this Form 4 transaction?
After the option exercise reported on 02/04/2026, the filing shows zero derivative securities remaining from this specific stock option grant. The 15,289 underlying common shares were fully exercised and are no longer outstanding as options.
AI-generated analysis. How Rhea-AI works. Not financial advice.