Welcome to our dedicated page for International Seaways SEC filings (Ticker: INSW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
International Seaways filings document a Marshall Islands tanker company with common stock and common stock purchase rights listed on the New York Stock Exchange. The company's 8-K reports furnish earnings releases and Regulation FD materials, and they record fleet transactions, ownership of Tankers International, credit-agreement activity and other material agreements.
Proxy materials cover annual meeting matters including director elections, auditor ratification, advisory executive compensation votes and ratification of the company's rights agreement. The filing record also addresses capital structure, shareholder rights, revolving credit facilities, listed securities and governance matters tied to the crude tanker and product carrier business.
INSW submitted a Form 144 notice to sell 4,000 common shares on the NYSE.
The filing lists two blocks tied to restricted stock vesting: 327 shares vested on 05/28/2021 and 3,673 shares vested on 05/29/2020, together totaling the 4,000 shares indicated. The filing records the transactions as related to services rendered.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 proposing sales of common shares of INSW. The notice lists multiple lots tied to compensation events, including 3,030 shares (Performance Stock Units, 03/08/2023) and 2,720 shares (restricted stock vesting, 04/06/2023).
International Seaways, Inc. Vice President & Controller Adewale Oshodi exercised employee stock options and had shares withheld for taxes. On February 26, 2026, he exercised options for 1,551 shares in a net share settlement, receiving common stock at $21.58 per share. To cover the option exercise price and related withholding taxes, 1,052 shares of common stock were disposed of through tax withholding at $72.51 per share. Following these transactions, he directly owned 10,077 shares of International Seaways common stock.
International Seaways reports strong 2025 operating performance in its annual report, highlighting both earnings and balance sheet strength. Shipping revenues reached $843.3 million and time charter equivalent revenues were $819.6 million. Income from vessel operations was $345.4 million, down from $455.2 million in 2024, and Adjusted EBITDA declined to $474.7 million from $583.3 million.
Total liquidity increased to $723.6 million, including $166.9 million of cash and short-term investments and $556.7 million of undrawn revolver capacity. The company reports a net loan-to-value ratio of 12.9% and a net debt-to-capital ratio of 16.5%, after investing $426.1 million in vessels, upgrades, construction and drydocking and paying $144.6 million in cash dividends.
As of December 31, 2025, International Seaways operated 70 crude and product tankers totaling 8.4 million deadweight tons, with 62 owned and 8 chartered in, and four LR1 newbuilds on order, bringing the operating and newbuild fleet to 74 vessels. The company also notes an aggregate market value of common equity held by non‑affiliates of about $1.8 billion as of June 30, 2025 and 49,427,543 common shares outstanding as of February 23, 2026.
International Seaways reported a very strong fourth quarter of 2025 but lower full-year results versus 2024. Fourth-quarter net income rose to $127.5 million, or $2.56 per diluted share, up from $35.8 million, or $0.72 per share, driven by higher shipping revenues of $267.9 million and TCE revenues of $260.0 million, plus gains on vessel sales and lower vessel expenses.
For fiscal 2025, net income was $309.3 million, or $6.23 per diluted share, compared with $416.7 million, or $8.38 per share, on shipping revenues of $843.3 million versus $951.6 million in 2024, reflecting softer average rates over the year. Adjusted EBITDA for 2025 was $474.7 million, down from $583.3 million.
The Board declared a combined dividend of $2.15 per share (including a $2.03 supplemental dividend) payable on March 30, 2026 to shareholders of record on March 20, 2026. Management highlighted over $1 billion of cumulative shareholder returns since 2020, continued fleet renewal, acquisition of full ownership of Tankers International, and balance sheet actions that reduced long-term debt to $541.3 million and unencumbered six VLCCs.
International Seaways, Inc. President & CEO Lois K. Zabrocky reported option-related transactions in company stock. She exercised stock options covering 18,901 shares, converting them into an equal number of common shares at an exercise price of $21.58 per share. The filing shows the options were exercised on a net share settlement basis, with the company withholding 12,692 shares at a value of $64.42 per share to cover the aggregate exercise price and related tax obligations. After these transactions, Zabrocky directly owned 184,630 common shares, and the filing notes that 100% of the options were vested on the exercise date.
International Seaways, Inc. President and CEO Lois K. Zabrocky sold 2,000 shares of common stock in an open-market transaction on February 17, 2026 at a weighted average price of $63.9595 per share. After this sale, she directly owns 178,421 shares. The sale was executed under a Rule 10b5-1 trading plan entered on March 14, 2025.
International Seaways, Inc. Senior Vice President and Chief Financial Officer Jeffrey Pribor reported an open-market sale of 1,000 shares of common stock. The sale occurred on February 17, 2026 at a price of $63.29 per share under a pre-established Rule 10b5-1 trading plan. Following this transaction, Pribor directly owned 83,463 shares of International Seaways common stock.
International Seaways executive James D. Small III, the company’s CAO, SVP, Secretary and General Counsel, reported equity transactions on February 11, 2026. He exercised a stock option for 10,187 shares of common stock at $21.58 per share in a derivative conversion.
The option exercise was completed on a net share settlement basis. The issuer withheld 7,229 shares at a value of $62.87 per share to cover the aggregate exercise price and related tax withholding. Following these transactions, he directly owned 52,250 shares of International Seaways common stock.
International Seaways, Inc. senior vice president Solon Derek G. exercised stock options and had shares withheld for taxes. On February 6, 2026, he exercised options for 3,673 shares at $21.93 and 9,324 shares at $21.58 per share. The company then withheld 2,490 and 6,430 shares of common stock at $61.06 per share to cover the aggregate exercise price and related tax withholding, using a net share settlement method. After these transactions, he directly owned 53,470 shares of International Seaways common stock.