International Seaways insider sale: 3,000 shares reported on Form 4
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)
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