International Seaways (NYSE: INSW) SVP reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
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)
- 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.
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.
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.