International Seaways (NYSE: INSW) SVP RSUs vest, shares withheld for taxes
Rhea-AI Filing Summary
International Seaways, Inc. Senior Vice President William F. Nugent reported the vesting of 3,066 restricted stock units on March 12, 2026 under the company’s 2020 Management Incentive Compensation Plan. The vested units are being settled in 3,066 shares of common stock.
In connection with this vesting, 1,494 shares of common stock are being withheld by International Seaways to satisfy Mr. Nugent’s tax withholding obligations, a non‑market transaction recorded with code F. The Form 4 also shows related entries for the disposition of the vested restricted stock units back to the issuer and the corresponding acquisition of common shares.
Following these transactions, Mr. Nugent holds 55,082 shares of common stock directly and 6,134 restricted stock units. The activity reflects routine equity compensation vesting and associated tax withholding rather than open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 3,066 | $0.00 | -- |
| Other | Common Stock, no par value per share | 3,066 | $0.00 | -- |
| Tax Withholding | Common Stock, no par value per share | 1,494 | $0.00 | -- |
Footnotes (1)
- These 3,066 shares of Common Stock are being acquired in connection with the vesting of 3,066 restricted stock units on March 12, 2026 pursuant to the 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 1,494 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. These 3,066 restricted stock units vested on March 12, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.