INSW SVP exercises stock options, holds 53,470 shares
International Seaways, Inc. senior vice president Solon Derek G. exercised stock options and had shares withheld for taxes.
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Rhea-AI Filing Summary
International Seaways, Inc. senior vice president Solon Derek G. exercised stock options and had shares withheld for taxes. On February 6, 2026, he exercised options for 3,673 shares at $21.93 and 9,324 shares at $21.58 per share. The company then withheld 2,490 and 6,430 shares of common stock at $61.06 per share to cover the aggregate exercise price and related tax withholding, using a net share settlement method. After these transactions, he directly owned 53,470 shares of International Seaways common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 3,673 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) | 9,324 | $0.00 | $0.00 |
| Exercise | Common Stock, no par value per share | 3,673 | $21.93 | $81K |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 2,490 | $61.06 | $152K |
| Exercise | Common Stock, no par value per share | 9,324 | $21.58 | $201K |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 6,430 | $61.06 | $393K |
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 did INSW executive Solon Derek G. report in this Form 4 filing?
How many International Seaways (INSW) options did the executive exercise?
What role does Solon Derek G. hold at International Seaways (INSW)?
AI-generated analysis. How Rhea-AI works. Not financial advice.