International Seaways (NYSE: INSW) director reports 1,842-share equity grant and LLC holdings
Rhea-AI Filing Summary
International Seaways, Inc. director Craig H. Stevenson Jr. reported an award of 1,842 shares of Common Stock as director compensation. These shares were granted on June 8, 2026 under the company’s 2020 Non-Employee Director Incentive Compensation Plan and vest on the earlier of June 8, 2027 or the 2027 annual stockholders’ meeting. Following this grant, Stevenson holds 129,587 shares directly. Separately, 65,075 shares are reported as held indirectly through Pecos Shipping LLC, where he is the controlling member, with beneficial ownership disclaimed except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director received routine stock grant, no open-market trading.
The filing shows Craig H. Stevenson Jr., a director of International Seaways, Inc., receiving 1,842 shares of Common Stock as compensation under the 2020 Non-Employee Director Incentive Compensation Plan. The grant vests after about one year or at the 2027 annual meeting.
The transaction uses code J, labeled as "Other acquisition or disposition," reflecting a compensation-related grant rather than market buying or selling. No exercise prices or derivative positions are reported, and transactionSummary shows no buys or sells, only a restructuring-type entry.
The filing also lists 65,075 shares held indirectly via Pecos Shipping LLC, with beneficial ownership disclaimed except for pecuniary interest. Overall, this appears to be routine director equity compensation and updated ownership disclosure, without a directional signal about the company’s share price.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,842 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These 1842 shares of Common Stock were granted to the Reporting Person by the Issuer on June 8, 2026 pursuant to the Issuer's 2020 Non-Employee Director Incentive Compensation Plan and vest on the earlier of (i) June 8, 2027 and (ii) the date of the annual meeting of stockholders in 2027. These shares of common stock are held by Pecos Shipping LLC, of which Mr. Stevenson is the controlling member. The filing of the Form 4 should not be deemed an admission that Mr. Stevenson is the beneficial owner of these 65,075 shares of common stock, except to the extent of his pecuniary interest.