Nugent William F. 4

What Happened
William F. Nugent, Senior Vice President of International Seaways, received 1,725 shares of common stock on March 13, 2026 upon the vesting of 1,725 restricted stock units (RSUs) under the company's 2020 Management Incentive Compensation Plan. Of those shares, 808 were withheld by the company to satisfy the insider’s tax withholding obligation, leaving a net delivery of 917 shares to Mr. Nugent. No cash purchase or open-market sale was reported and no per-share price was provided (price N/A).

Key Details

• Transaction date: March 13, 2026 (vesting/settlement of RSUs); Form 4 filed March 16, 2026. Because March 14–15 were a weekend, the filing appears to meet the two-business-day reporting deadline.
• Transaction types reported: acquisition via RSU settlement (code J) of 1,725 shares; withholding/tax disposition (code F/D) of 808 shares (withholding) and a related derivative disposition notation.
• Net shares received by insider: 917 shares (1,725 vested − 808 withheld).
• Price: N/A (shares issued upon vesting; no cash paid by the insider).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1/F2 confirm the 1,725 RSUs vested and were settled in common stock and that 808 shares were withheld by INSW to cover the reporting person’s tax withholding liability.

Context
This was a routine equity compensation event (RSU vesting), not an open-market purchase or sale. Withholding to cover taxes is common and does not indicate a market sentiment trade. The filing shows settlement of derivative awards rather than exercising tradable stock options.