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.
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.
International Seaways SVP & CFO Jeffrey Pribor reported an option exercise and related share withholding. On 02/04/2026 he exercised stock options for 15,289 shares of common stock at $17.21 per share, using a net share settlement method. To cover the aggregate exercise price and withholding taxes, 9,899 shares of common stock were withheld by the company at $58.96 per share. Following these transactions, he directly beneficially owned 84,463 shares of International Seaways common stock, and the reported stock option grant had no remaining derivative securities outstanding.
FMR LLC has disclosed a significant passive stake in International Seaways Inc. As of 12/31/2025, FMR LLC reported beneficial ownership of 4,669,602.45 shares of International Seaways common stock, representing 9.5% of the outstanding shares.
The filing shows FMR LLC with sole voting power over 4,664,990 shares and sole dispositive power over 4,669,602.45 shares. Abigail P. Johnson is also listed as a reporting person with the same 9.5% beneficial ownership through sole dispositive power. The filing is certified as being for ordinary course, passive investment purposes and not to change or influence control. It also notes that Fidelity Tactical High Income Fund held 3,116,932 shares, or 6.3% of the common stock, as of the same date.
International Seaways, Inc. reported that since the start of the year it has sold or agreed to sell five tankers, consisting of three MR tankers and two VLCC tankers. These vessel sales are expected to generate aggregate proceeds of approximately $185 million, net of commissions and fees, according to a press release furnished as an exhibit.
International Seaways, Inc. reports that a wholly owned subsidiary has acquired sole ownership of Tankers International, a major shipping pool that has provided commercial and administrative management for modern VLCC (very large crude carrier) vessels since 2000. This gives the company full control over a key platform that coordinates and markets independent VLCC tonnage.
At the same time, Tankers International announced the creation of a new pool to commercially manage Suezmax-class tankers. International Seaways plans to contribute its spot trading Suezmax vessels to this new pool, aligning its Suezmax fleet with Tankers International’s commercial management platform. The company attached a Tankers International press release about the new Suezmax pool as an exhibit.