Nugent William F. 4

What Happened

• William F. Nugent, Senior Vice President of International Seaways, had 3,066 restricted stock units (RSUs) vest on March 12, 2026. Those vested units were settled into 3,066 shares of common stock. Of those shares, 1,494 were withheld by the company to satisfy the reporting person’s tax withholding obligation, leaving a net delivery of 1,572 shares to Mr. Nugent. No cash purchase or open-market sale was reported; price per share is N/A for this award settlement.

Key Details

• Transaction date: March 12, 2026 (reported on Form 4 filed March 13, 2026).
• Award settlement: 3,066 shares issued on vesting (reported as acquisition).
• Tax withholding: 1,494 shares withheld by the company to cover taxes (reported as disposition).
• Net shares retained by insider: 1,572 shares (3,066 issued − 1,494 withheld).
• Transaction codes: J (other acquisition/disposition for the settlement), F (tax withholding), D (disposition to issuer reflecting RSU cancellation/settlement).
• Footnotes: F1/F2 confirm the shares arose from the 2020 Management Incentive Compensation Plan and were settled on vesting; withheld shares paid the reporting person’s tax liability.
• Timeliness: Filing appears timely (Form 4 filed the day after the vesting date).

Context

• This is an award settlement of RSUs (not an open-market purchase or sale). Withholding to cover taxes is routine and does not necessarily indicate a change in sentiment.
• For retail investors, award vesting increases insider holdings (net +1,572 shares here), but these kinds of compensatory issuances are common and typically part of executive pay plans.