Oshodi Adewale 4
4 · International Seaways, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
International Seaways (INSW) VP/Controller Oshodi Adewale Receives 672 Shares
What Happened
Oshodi Adewale, Vice President & Controller of International Seaways (INSW), had 672 restricted stock units (RSUs) vest on March 6, 2026 and the vested units were settled in 672 shares of common stock. In connection with the vesting, 316 of those shares were withheld by the company to cover the reporting person's tax withholding obligation, leaving a net delivery of 356 shares to the insider. No cash price per share was reported (transaction price listed as N/A).
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (within the two-business-day filing window).
- Shares involved: 672 RSUs vested → 672 shares issued; 316 shares withheld for taxes (code F). Net shares delivered: 356.
- Prices/values: Not reported (N/A) — this is an award vesting, not an open-market trade.
- Footnotes: F1/F2 confirm 672 RSUs vested and were settled in common stock and that 316 shares were withheld to satisfy tax withholding.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
This transaction is a routine equity compensation event (RSU vesting) rather than a purchase or sale on the open market. Tax-withholding via share retention is common practice and does not necessarily indicate insider sentiment about the company.
Insider Transaction Report
- Other
Common Stock, no par value per share
[F1]2026-03-06+672→ 11,952 total - Tax Payment
Common Stock, no par value per share
[F1]2026-03-06−316→ 11,636 total - Disposition to Issuer
Restricted Stock Units
[F2]2026-03-06−672→ 0 totalExercise: $0.00→ Common Stock (672 underlying)
Footnotes (2)
- [F1]These 672 shares of Common Stock are being acquired in connection with the vesting of 672 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 316 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 672 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.