Zabrocky Lois K 4

What Happened Lois K. Zabrocky, President & CEO and a director of International Seaways, exercised stock options on 2026-02-17 to acquire 18,901 shares at an exercise price of $21.58 per share (aggregate value of the shares acquired ≈ $407,884). In a net share settlement, 12,692 shares were withheld by the company to satisfy the aggregate exercise price and withholding taxes (the withheld shares are reported as disposed at a value of $817,619). The filing shows these options were fully vested on the exercisable date.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (appears timely).
• Option exercise (code M): 18,901 shares acquired at $21.58; aggregate value of acquired shares ≈ $407,884.
• Tax/price withholding (code F): 12,692 shares withheld by issuer; reported value ≈ $817,619.
• Footnotes: F1/F2 indicate a net share settlement (shares withheld to cover exercise price and taxes); F3 notes 100% of options were vested.
• Shares owned after the transaction: not stated in the excerpt provided.

Context This was an options exercise with a cashless/net settlement — Zabrocky did not sell shares on the open market; instead the company withheld a portion of the newly issued shares to cover the exercise cost and withholding taxes. Such net settlements are common and do not necessarily indicate a directional view on the stock; they reflect option exercise mechanics and tax obligations. Transaction codes: M = option exercise, F = tax/price withholding.