International Seaways, Inc.·4

Mar 13, 6:53 PM ET

Solon Derek G. 4

Research Summary

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International Seaways (INSW) SVP Derek Solon Receives Award

What Happened
Solon Derek G., Senior Vice President of International Seaways, had 3,066 restricted stock units (RSUs) vest on March 12, 2026 and those units were settled into 3,066 shares of common stock. Of those shares, 1,495 were withheld by the company to satisfy the reporting person's tax withholding obligation, resulting in a net receipt of 1,571 shares. No per-share price or total dollar value is reported in the filing.

Key Details

  • Transaction date: March 12, 2026 (Form 4 filed March 13, 2026 — a timely filing).
  • Shares from vesting/settlement: 3,066 RSUs vested and were settled into 3,066 shares (reported as an acquisition).
  • Tax withholding: 1,495 shares were withheld by INSW to cover tax liability (reported as a disposition for tax withholding).
  • Net shares received by the insider: 1,571 shares.
  • Prices/values: N/A in the filing (no dollar values reported).
  • Footnotes: F1-F2 confirm the 3,066 RSUs vested under the 2020 Management Incentive Compensation Plan and were settled in shares; 1,495 shares withheld for taxes.

Context
This was a vesting/settlement of company-granted RSUs (an award), not an open-market purchase or voluntary sale. Withholding shares for taxes is a routine administrative step and does not necessarily indicate the insider’s view on the stock. The filing reports both the settlement of the derivative RSUs and the tax withholding; it does not provide a cash value for the transaction.