INSW CFO exercises options, updates share holdings
International Seaways SVP & CFO Jeffrey Pribor reported an option exercise and related share withholding.
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.
Positive
- None.
Negative
- None.
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
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.
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