Nugent William F. 4
4 · International Seaways, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
International Seaways SVP William Nugent Receives 7,005 Shares
What Happened
William F. Nugent, Senior Vice President of International Seaways (INSW), acquired 7,005 shares of common stock on February 26, 2026 pursuant to the vesting and settlement of performance restricted stock units (PRSUs). Of those shares, 3,602 were withheld by the company to satisfy tax withholding, resulting in a net issuance of 3,403 shares to Nugent. The filing reports the retirement/disposition of 5,338 PRSUs as part of the settlement.
Key Details
- Transaction date: 2026-02-26. Form 4 filed 2026-03-02 (filed timely under the two-business-day rule).
- Reported entries/codes: J (other acquisition) — 7,005 shares acquired; F (tax withholding) — 3,602 shares withheld/disposed; D (disposition to issuer, derivative) — 5,338 PRSUs disposed.
- Prices/market values: N/A — the report reflects RSU settlement and withholding, not an open-market trade.
- Net new common shares received: 7,005 acquired − 3,602 withheld = 3,403 shares.
- Footnotes: F1/F2 confirm these shares represent settlement of 5,338 performance RSUs granted 3/8/2023 and that 3,602 shares were withheld to cover tax withholding.
Context
This was a standard equity award settlement (vesting of performance RSUs), not an open-market buy or sale. The withholding of shares for taxes is routine and should not be read as a market-direction trade. The PRSUs were converted to shares and settled, and the filing does not report any cashless sale or additional market transactions.
Insider Transaction Report
- Other
Common Stock, no par value per share
[F1]2026-02-26+7,005→ 65,757 total - Tax Payment
Common Stock, no par value per share
[F1]2026-02-26−3,602→ 62,155 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, 3,602 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.