Nugent William F. 4

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.