INSW executive reports vesting and tax share withholding
International Seaways, Inc. insider William F. Nugent, a Senior Vice President, reported equity award activity on February 26, 2026.
Rhea-AI Filing Summary
International Seaways, Inc. insider William F. Nugent, a Senior Vice President, reported equity award activity on February 26, 2026. A block of 5,338 performance restricted stock units vested from a grant originally awarded on March 8, 2023 under the company’s 2020 Management Incentive Compensation Plan.
The vested units were settled in 7,005 shares of common stock, increasing Nugent’s direct common stock holdings to 65,757 shares before tax withholding. To cover the tax liability from this vesting, 3,602 shares of common stock were disposed of to International Seaways through a tax-withholding transaction, leaving Nugent with 62,155 directly owned shares afterward.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Restricted Stock Units | 5,338 | $0.00 | $0.00 |
| Other | Common Stock, no par value per share | 7,005 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 3,602 | $0.00 | $0.00 |
Footnotes (2)
- F1. These 7,005 shares of Common Stock are being acquired after vesting on February 26, 2026 in connection with the vesting of 5,338 performance restricted stock units granted on March 8, 2023 pursuant to International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 3,602 shares are being 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.
- F2. These performance restricted stock units vested on February 26, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
What did International Seaways (INSW) executive William F. Nugent report on this Form 4?
How many International Seaways (INSW) performance restricted stock units vested for William F. Nugent?
Did William F. Nugent conduct any open-market buy or sell transactions in International Seaways (INSW) stock?
Which compensation plan governed the International Seaways (INSW) awards reported by Nugent?
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