Nugent William F. 4
4 · International Seaways, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
International Seaways (INSW) SVP William Nugent Receives 1,780 Shares
What Happened
William F. Nugent, Senior Vice President of International Seaways (INSW), received 1,780 shares of common stock on March 6, 2026 upon the vesting and settlement of restricted stock units (RSUs). Of those 1,780 shares, 842 were withheld by the company to satisfy the reporting person’s tax withholding obligation, leaving a net issuance of 938 shares to Nugent. No cash price per share is reported (transaction price N/A) since this was a compensation settlement rather than an open-market trade.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (filed within the required 2 business days).
- Actions reported: acquisition via RSU settlement (code J), tax withholding (code F), and disposition to issuer (code D) for the withheld shares.
- Shares acquired: 1,780 shares settled from vested RSUs; 842 shares withheld for taxes; net increase to holdings = 938 shares.
- Price/Value: N/A in the filing (compensation settlement, not a market purchase/sale).
- Footnotes: F1 confirms the 1,780 RSUs vested and 842 shares were withheld to satisfy tax withholding; F2 restates the RSUs vested and were settled in shares.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
Context
This transaction reflects routine equity compensation (RSU vesting) and a standard tax withholding by the issuer, not an open-market purchase or sale. Such withholdings are common and do not by themselves indicate a decision to sell shares on the market. The filing shows settlement of derivative awards into common stock and is informational for investors tracking insider ownership changes.
Insider Transaction Report
- Other
Common Stock, no par value per share
[F1]2026-03-06+1,780→ 54,352 total - Tax Payment
Common Stock, no par value per share
[F1]2026-03-06−842→ 53,510 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 842 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.