STOCK TITAN

International Seaways (NYSE: INSW) SVP reports RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

International Seaways Senior Vice President Derek G. Solon reported the vesting of 1,780 restricted stock units on March 6, 2026 under the company’s 2020 Management Incentive Compensation Plan. The vested units were settled in an equal number of common shares, with 839 shares withheld to cover tax obligations.

Following these compensation-related transactions and tax withholding, Solon directly holds 51,930 shares of International Seaways common stock.

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Insider Solon Derek G.
Role Senior Vice President
Type Security Shares Price Value
Disposition Restricted Stock Units 1,780 $0.00 --
Other Common Stock, no par value per share 1,780 $0.00 --
Tax Withholding Common Stock, no par value per share 839 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock, no par value per share — 52,769 shares (Direct)
Footnotes (1)
  1. These 1,780 shares of Common Stock are being acquired in connection with the vesting of 1,780 restricted stock units on March 6, 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 839 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 1,780 restricted stock units vested on March 6, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Solon Derek G.

(Last) (First) (Middle)
C/O INTERNATIONAL SEAWAYS, INC.
600 THIRD AVENUE, 39TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
International Seaways, Inc. [ INSW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, no par value per share 03/06/2026 J(1) 1,780(1) A (1) 52,769 D
Common Stock, no par value per share 03/06/2026 F(1) 839(1) D (1) 51,930 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(2) $0 03/06/2026 D(2) 1,780(2) (2) (2) Common Stock(2) 1,780(2) (2) 0(2) D
Explanation of Responses:
1. These 1,780 shares of Common Stock are being acquired in connection with the vesting of 1,780 restricted stock units on March 6, 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 839 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.
2. These 1,780 restricted stock units vested on March 6, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
/s/James D. Small, Attorney-in-Fact, pursuant to power of attorney previously filed 03/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did International Seaways (INSW) report for Derek G. Solon?

International Seaways reported that Senior Vice President Derek G. Solon had 1,780 restricted stock units vest and settle into common shares. The transaction reflects routine equity compensation activity rather than an open-market trade, aligning with the company’s 2020 Management Incentive Compensation Plan.

How many restricted stock units vested for the INSW executive on March 6, 2026?

On March 6, 2026, 1,780 restricted stock units vested for International Seaways Senior Vice President Derek G. Solon. These vested units were settled in 1,780 shares of common stock under the company’s 2020 Management Incentive Compensation Plan, as described in the Form 4 footnotes.

Why were 839 International Seaways (INSW) shares withheld in this Form 4 filing?

International Seaways withheld 839 shares of common stock to satisfy Derek G. Solon’s tax withholding liability triggered by the RSU vesting. This tax-withholding disposition is a non-market event, where the issuer retains shares instead of the executive selling them in the open market.

Did the INSW executive buy or sell shares on the open market in this Form 4?

The Form 4 does not show any open-market purchases or sales by Derek G. Solon. Instead, it reports RSU vesting, issuance of common shares, and shares withheld by the company for tax obligations, which are all standard compensation-related transactions rather than discretionary market trades.

How many International Seaways (INSW) shares does Derek G. Solon own after these transactions?

After the reported RSU vesting, settlement into shares, and tax withholding, Derek G. Solon directly holds 51,930 shares of International Seaways common stock. This figure reflects his position following all the March 6, 2026 compensation-related transactions disclosed in the Form 4 filing.

What does transaction code F mean in this International Seaways Form 4?

Transaction code F in this Form 4 indicates shares were withheld to pay tax liabilities related to equity awards. For Derek G. Solon, 839 shares of common stock were retained by International Seaways to cover taxes on the RSU vesting, rather than being sold in the market.