International Seaways, Inc.·4

Mar 10, 5:31 PM ET

Solon Derek G. 4

Research Summary

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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.