Zabrocky Lois K 4
Research Summary
AI-generated summary
International Seaways CEO Lois Zabrocky Receives 25,632 Shares
What Happened
- Lois K. Zabrocky, President & CEO and a director of International Seaways, received 25,632 shares of common stock on February 26, 2026 upon vesting of performance restricted stock units (PSUs) granted March 8, 2023. No cash price is reported (N/A) because these were equity awards settled in shares.
- In connection with the vesting: 13,060 shares were withheld by the company to cover the reporting person's tax withholding obligation, and 19,530 shares were reported as a disposition to the issuer (derivative settlement). This is a routine compensation-related vesting event rather than an open-market purchase or sale.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed within the two-business-day window).
- Reported movements: +25,632 shares acquired (award settlement); -13,060 shares withheld for taxes; -19,530 shares disposed to issuer (derivative).
- Price: N/A (award settlement — no market purchase/sale price).
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: The shares result from vesting of 19,530 performance RSUs granted March 8, 2023 under the company’s 2020 Management Incentive Compensation Plan; 13,060 shares were withheld to satisfy tax withholding.
Context
- This was a compensation vesting/settlement (performance RSUs), not an open-market buy or sale. Shares withheld for taxes and shares delivered back to the issuer are common mechanics for settling equity awards and do not necessarily indicate an insider’s view on the stock price.