Zabrocky Lois K 4
Research Summary
AI-generated summary
International Seaways (INSW) CEO Lois Zabrocky Receives Award
What Happened
- Lois K. Zabrocky, President & CEO and Director of International Seaways, had 14,100 restricted stock units (RSUs) vest on March 12, 2026 and those vested units were settled in common stock. The filing shows 14,100 shares were acquired on vesting and 7,086 shares were withheld by the company to satisfy tax withholding, leaving a net of 7,014 shares delivered to the insider. No per-share prices or dollar values were reported (N/A).
Key Details
- Transaction date: March 12, 2026; Form filed March 13, 2026 (timely).
- Acquisition: 14,100 shares from RSU vesting (reported as acquisition code J).
- Tax withholding: 7,086 shares withheld by INSW to cover the reporting person’s tax liability (reported as disposition code F).
- Derivative note: The RSUs vested and were settled in shares (footnotes F1, F2); the filing includes related derivative reporting.
- Shares owned after transaction: Not disclosed in this Form 4.
- No open-market sale or purchase reported — this is a compensation-related settlement, not an investment purchase or discretionary sale.
Context
- This is a routine equity compensation settlement (RSU vesting) and a common corporate tax-withholding practice (share withholding rather than cash payment). Such transactions reflect payroll/compensation mechanics rather than a direct buy or sell signal by the insider.