Pribor Jeffrey 4

What Happened
Jeffrey Pribor, SVP & CFO of International Seaways (INSW), exercised stock options on March 2, 2026 to acquire 13,171 shares at an exercise price of $21.93 per share (aggregate exercise cost $288,840). The issuer withheld 7,965 of those shares to cover the exercise price and withholding taxes at $76.50 per share (aggregate ~$609,323), resulting in a net receipt of 5,206 shares (approx. $398,259 based on $76.50).

Key Details

• Transaction date: March 2, 2026 (Form filed March 3, 2026). Filing appears timely.
• Option exercise (code M): 13,171 shares exercised @ $21.93 (aggregate $288,840).
• Withholding/tax disposition (code F): 7,965 shares withheld @ $76.50 (aggregate ~$609,323).
• Net shares retained: 5,206 shares (5,206 = 13,171 − 7,965). Estimated market value of retained shares based on $76.50: ~$398,259.
• Shares owned after transaction: not stated in the filing.
• Notable footnotes: (F1) net share settlement basis; (F2) withheld shares used to satisfy exercise price and withholding taxes; (F3) 100% of the options were vested and exercisable on the date.
• Transaction codes: M = option exercise, F = payment of exercise price/tax via share withholding.

Context
This was an option exercise with a net (cashless) settlement: the insider did not buy shares on the open market but exercised vested options and had shares withheld to cover costs and taxes. Such net-settlement exercises are commonly routine tax/administrative events and do not necessarily signal a change in insider sentiment.