Solon Derek G. 4
4 · International Seaways, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
International Seaways (INSW) SVP Derek G. Solon Receives RSU Shares
What Happened Derek G. Solon, Senior Vice President of International Seaways, had restricted stock units vest on February 26, 2026 and received 7,005 shares of common stock as a result. Of those shares, 3,486 were withheld to satisfy tax withholding and 5,338 shares were returned/disposed to the issuer in connection with the settlement (reported as a derivative disposition). No dollar price per share or cash proceeds are reported (prices listed as N/A).
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely — within two business days).
- Reported transactions and codes: Other acquisition (J) — 7,005 shares acquired; Tax withholding (F) — 3,486 shares withheld (disposed); Disposition to issuer (D, derivative) — 5,338 shares disposed.
- Price: N/A (settlement of RSUs; not an open-market trade).
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Footnotes: The shares reflect settlement of performance restricted stock units granted March 8, 2023; the 3,486-share disposition is withholding for tax liability (see F1/F2 in the filing).
Context This was an RSU vesting and settlement event (award conversion to shares), not an open-market purchase or sale. Tax withholding and return of shares to the issuer are routine mechanics of RSU settlement (often a net-share settlement) and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Other
Common Stock, no par value per share
[F1]2026-02-26+7,005→ 60,475 total - Tax Payment
Common Stock, no par value per share
[F1]2026-02-26−3,486→ 56,989 total - Disposition to Issuer
Performance Restricted Stock Units
[F2]2026-02-26−5,338→ 0 totalExercise: $0.00→ Common Stock (7,005 underlying)
Footnotes (2)
- [F1]These 7,005 shares of Common Stock are being acquired after vesting on February 26, 2026 in connection with the vesting of 5,338 performance restricted stock units granted on March 8, 2023 pursuant to International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units, 3,486 shares are being 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 performance restricted stock units vested on February 26, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.