International Seaways, Inc.·4

Mar 16, 5:42 PM ET

Solon Derek G. 4

Research Summary

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International Seaways (INSW) SVP Derek Solon Receives Award

What Happened

  • Derek G. Solon, Senior Vice President of International Seaways (INSW), had 1,725 restricted stock units (RSUs) vest on March 13, 2026. Those vested RSUs were settled into 1,725 shares of common stock. To cover tax withholding, the company withheld 807 of those shares, leaving a net delivery of 918 shares to Mr. Solon. No per-share price or cash value is reported on the Form 4.

Key Details

  • Transaction date: March 13, 2026. Form filed: March 16, 2026.
  • Reported transactions: 1,725 shares acquired on vesting (code J); 807 shares withheld for tax payment (code F); related issuer disposition reported (code D) reflecting the settlement/withholding process.
  • Price/value: N/A on the filing — monetary value of the shares not disclosed here.
  • Net shares received by the insider: 918 (1,725 vested − 807 withheld).
  • Shares owned after the transaction: not specified on this Form 4.
  • Footnotes: RSUs vested under the International Seaways, Inc. 2020 Management Incentive Compensation Plan; 807 shares withheld by INSW to satisfy the reporting person’s tax withholding liability.

Context

  • This is a standard equity compensation event (RSU vesting) rather than an open-market purchase or sale; withholding of shares to cover taxes is routine (a form of cashless withholding) and does not necessarily signal a buying or selling decision by the insider.
  • No late filing indication on the Form 4; filing occurred three days after the vesting date.