Solon Derek G. 4
4 · International Seaways, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
International Seaways (INSW) SVP Derek Solon Receives Award
What Happened
Derek G. Solon, Senior Vice President of International Seaways (INSW), had 1,780 restricted stock units (RSUs) vest on March 6, 2026 and those vested units were settled in common shares. Of the 1,780 shares issued on vesting, 839 shares were withheld by the company to satisfy the Reporting Person’s tax withholding obligation, resulting in a net issuance to Solon of 941 shares. No cash price per share is reported (settlement of RSUs).
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely filing).
- Reported entries: acquisition of 1,780 shares (RSU settlement); 839 shares surrendered/withheld for tax; corresponding reporting of derivative settlement. Prices shown as N/A (compensation settlement).
- Net change to insider’s holdings from this event: +941 shares (1,780 vested − 839 withheld).
- Footnotes: F1/F2 confirm vesting of 1,780 RSUs under the 2020 Management Incentive Compensation Plan and that 839 shares were withheld to cover tax withholding.
- Shares owned after the transaction are not disclosed in the provided extract of the Form 4.
Context
This was a routine equity compensation event (RSU vesting), not an open-market purchase or sale; withholding shares for taxes is common and does not necessarily signal sentiment. For retail investors, purchases (open-market buys) tend to be more informative about insider confidence than routine compensation vesting.
Insider Transaction Report
- Other
Common Stock, no par value per share
[F1]2026-03-06+1,780→ 52,769 total - Tax Payment
Common Stock, no par value per share
[F1]2026-03-06−839→ 51,930 total - Disposition to Issuer
Restricted Stock Units
[F2]2026-03-06−1,780→ 0 totalExercise: $0.00→ Common Stock (1,780 underlying)
Footnotes (2)
- [F1]These 1,780 shares of Common Stock are being acquired in connection with the vesting of 1,780 restricted stock units on March 6, 2026 pursuant to the 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 839 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 1,780 restricted stock units vested on March 6, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.