International Seaways, Inc.·4

Mar 13, 7:00 PM ET

Oshodi Adewale 4

Research Summary

AI-generated summary

Updated

International Seaways (INSW) VP Oshodi Adewale Receives Award

What Happened

  • Oshodi Adewale, Vice President & Controller of International Seaways (INSW), had 1,134 restricted stock units (RSUs) vest on March 12, 2026 and those units were settled into 1,134 shares of common stock. In connection with the vesting, 550 shares were withheld by the company to cover the Reporting Person’s tax withholding obligation, leaving a net delivery of 584 shares to the insider. All transactions are reported at N/A prices because they result from RSU settlement and tax withholding rather than an open-market trade.

Key Details

  • Transaction date: March 12, 2026 (Form 4 filed March 13, 2026 — timely)
  • Reported entries: Other acquisition (code J) 1,134 shares acquired; Tax withholding/payment (code F) 550 shares surrendered; Disposition of derivative (code D) 1,134 RSUs settled
  • Price: N/A (shares issued on RSU settlement; no open-market price reported)
  • Net shares delivered to insider: 584 shares (1,134 vested − 550 withheld)
  • Shares owned after transaction: Not specified in the reported items
  • Footnotes: F1/F2 confirm 1,134 RSUs vested and were settled in shares; 550 shares withheld to satisfy withholding tax

Context

  • This was an RSU vesting event (award settlement), not an open-market buy or sell. Withholding shares for taxes is a routine part of RSU settlements and does not by itself indicate a change in insider sentiment.