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International Seaways, Inc. — Director's Dealing 2021
Mar 18, 2021
31575_dirs_2021-03-18_1f2e7002-0a39-4c6c-b5f4-a61081fb9a6e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: International Seaways, Inc. (INSW)
CIK: 0001679049
Period of Report: 2021-03-16
Reporting Person: Pribor Jeffrey (SVP,Chief Financial Officer &T)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-16 | Common Stock, no par value per share | J | 14814 | — | Acquired | 50333 | Direct |
| 2021-03-16 | Common Stock, no par value per share | F | 5337 | — | Disposed | 44996 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-16 | Performance Restricted Stock Units | $21.42 | D | 14814 | Disposed | Common Stock (14814) | Direct |
Footnotes
F1: These 14,814 shares of Common Stock were acquired upon the vesting of 14,814 performance restricted stock units on March 16, 2021 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units settled in shares of Common Stock. In connection with the vesting of the units, 5,337 shares were 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.
F2: These 14,814 performance restricted stock units vested on March 16, 2021 and were settled in shares of Common Stock as reported in Table I of this Form 4.