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 in an open-market disposition on May 15, 2026. The reported weighted-average sale price was $84.23 per share, for total proceeds of approximately $168,452. This transaction was a sale (not a purchase).
Key Details
- Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-18). Filing appears timely.
- Price(s): Weighted average $84.23; individual trades ranged from $83.65 to $85.06 (per footnote).
- Shares sold: 2,000; total proceeds ≈ $168,452.
- Shares owned after transaction: Not disclosed in the provided filing data.
- Notable footnote: Sale executed pursuant to a Rule 10b5-1 trading plan adopted March 14, 2025; the reporting person can provide full trade-by-trade details on request.
- Transaction code: S = Sale.
Context
A Rule 10b5-1 plan is a pre-arranged trading program that allows insiders to sell shares according to a schedule regardless of any subsequent company developments; such sales are often routine and do not necessarily reflect the insider’s view of the company. This filing reports a straightforward open-market sale under that plan; no options were exercised and no gifts or tax-withholding events were reported.