Grillo Debra 4

What Happened Debra Grillo, Treasurer of International Seaways (INSW), received equity awards on March 10, 2026: 1,479 restricted stock units (RSUs) and 1,478 performance restricted stock units (PRSUs) under the company's 2025 Management Incentive Plan. The RSUs vest one-third on each of the first three anniversaries of the grant. The PRSUs vest based on a three‑year performance measurement (Jan 2, 2026–Dec 31, 2028) using ROIC and relative TSR metrics, with a performance factor that can adjust payout from 50% to 150%. Each unit represents the right to one share of common stock; settlement may be in shares or cash and will be net of any shares withheld for taxes.

Key Details

• Transaction date: March 10, 2026; transaction code: A (award/grant). No per‑share price (derivative award).
• Grants: 1,479 RSUs (time‑based vesting: 1/3 each year) and 1,478 PRSUs (50/50 ROIC and TSR metrics).
• PRSU payout: Reported assuming 100% achievement; actual shares paid will depend on certified performance and may range 50%–150% of target.
• Settlement: May be made in shares or cash, net of tax withholding.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Form 4 filed March 12, 2026—appears to be timely (within the SEC’s reporting window).

Context These are compensation awards, not open‑market purchases or sales. RSUs are time‑based and will vest over three years; PRSUs depend on multi‑year performance and may pay more or less than target based on outcomes. Such grants are routine for executives and reflect incentive-based compensation rather than an immediate trading signal.