Zabrocky Lois K 4
Research Summary
AI-generated summary
International Seaways (INSW) CEO Lois Zabrocky Sells 2,000 Shares
What Happened
Lois K. Zabrocky, President & CEO and a director of International Seaways (INSW), sold 2,000 shares of INSW stock in an open‑market disposition on March 16, 2026. The reported weighted average sale price was $67.79 per share, generating proceeds of approximately $135,579. This was a sale (not a purchase) and therefore is typically viewed as routine insider selling rather than a bullish purchase.
Key Details
- Transaction date: March 16, 2026 (reported on Form 4 filed March 17, 2026).
- Shares sold: 2,000; weighted average price: $67.79; total proceeds ≈ $135,579.
- Price range: executed in multiple trades at prices from $66.57 to $68.63 (per footnote).
- 10b5‑1 plan: The sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on March 14, 2025. The filer offered to provide full trade-by-trade details upon request.
- Shares owned after transaction: Not provided in the excerpt supplied.
- Timeliness: Filing appears timely (transaction 3/16/2026; Form 4 filed 3/17/2026).
Context
Sales executed under an established 10b5‑1 trading plan are typically pre‑scheduled and can reflect planned portfolio management or diversification rather than a change in the insider’s view of the company. For retail investors, purchases generally carry more weight as signals than routine sales; this report documents a routine disposition by the CEO under a pre-existing plan.