Solon Derek G. 4
Research Summary
AI-generated summary
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.