INSW Form 4: Officer Derek Solon Sells 3,000 Shares at $41.35
International Seaways, Inc. (INSW) reporting person Derek G. Solon, identified as an officer (Senior Vice President), executed a sale of 3,000 shares of the issuer's common stock on 08/14/2025.
Rhea-AI Filing Summary
International Seaways, Inc. (INSW) reporting person Derek G. Solon, identified as an officer (Senior Vice President), executed a sale of 3,000 shares of the issuer's common stock on 08/14/2025. The transaction code is S (sale) and the reported weighted-average sale price is $41.3483, with underlying trade prices disclosed between $41.22 and $41.43. After the reported sale, the reporting person beneficially owned 52,893 shares, held directly. No derivative transactions are reported on this Form 4. The Form 4 was signed by an attorney-in-fact on 08/15/2025.
Positive
- None.
Negative
- Officer sale of 3,000 shares executed on 08/14/2025, reducing direct holdings to 52,893 shares.
Insights
TL;DR Insider Derek Solon sold 3,000 INSW shares at a weighted average of $41.3483; remaining direct ownership is 52,893 shares.
The sale is recorded under transaction code S and was executed across multiple trades priced between $41.22 and $41.43, producing the reported weighted average. The disposition reduced the reporting person's direct holdings to 52,893 shares. No options, warrants, or other derivative positions were disclosed on this form. The size of the sale (3,000 shares) represents a modest portion of the total reported holdings and, by itself, does not indicate a material shift in beneficial ownership.
TL;DR Routine insider sale filed on Form 4; disclosure appears complete with price range and weighted average provided.
The filing includes the required explanatory note stating multiple trade prices and offers to provide full trade detail on request, which aligns with SEC disclosure expectations. The Form 4 shows only a direct sale of common stock by an officer and no related-party or derivative arrangements. Based on the information presented, this is a standard Section 16 disclosure rather than a governance event raising immediate concerns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $41.3483 | $124K |
Footnotes (1)
- F1. This transaction was executed in multiple trades at prices ranging from $41.2200 to $41.4300. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon request, full information regarding the number of shares and prices at which the transaction was effected to the SEC staff, the issuer or a security holder of the issuer.
FAQ
What transaction did Derek G. Solon report on the INSW Form 4?
Did the Form 4 disclose any derivative transactions for INSW?
Who signed the Form 4 for the reporting person?
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