Oshodi Adewale 4

What Happened Oshodi Adewale, Vice President & Controller of International Seaways (INSW), exercised 1,551 stock options on February 26, 2026. The options had an exercise price of $21.58, resulting in an exercise payment/value of about $33,471. To cover the aggregate exercise price and withholding taxes, the company withheld 1,052 shares (valued at $72.51 each, about $76,281), leaving a net delivery to the insider of 499 shares. The filing indicates these were exercised on a net-share (cashless) settlement basis and that 100% of the options were vested.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (timely; within required reporting window).
• Options exercised (M): 1,551 shares @ $21.58 (aggregate exercise amount ≈ $33,471).
• Shares withheld to pay exercise price and taxes (F): 1,052 shares @ $72.51 (≈ $76,281).
• Net shares received by insider: 499 shares.
• Footnotes: F1 = net share settlement; F2 = shares withheld to satisfy exercise price and withholding taxes; F3 = 100% vested at exercise.
• Shares owned after the transaction: not specified in the provided filing.

Context This was an option exercise with net-share settlement (the company withheld shares rather than Adewale selling shares on the open market). The withholding of 1,052 shares is a routine administrative step to cover costs and taxes and does not necessarily indicate a market sale by the insider. Exercises can be neutral to bullish interpretation—this transaction resulted in a modest net acquisition of 499 shares.