Anderson Darron M. 4
Research Summary
AI-generated summary
International Seaways (INSW) Director Darron Anderson Receives Award
What Happened
Darron M. Anderson, a director of International Seaways, was granted 1,842 shares of common stock on June 8, 2026. The filing reports the acquisition value as $0 because the shares are a restricted award that will vest in the future.
Key Details
- Transaction date: June 8, 2026 (Form 4 filed June 10, 2026). Filing appears timely.
- Transaction type: Awarded shares (reported as "other acquisition or disposition (J)"); no cash paid at grant.
- Shares granted: 1,842 common shares; reported value $0 at grant.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: Grant made under the Issuer's 2020 Non-Employee Director Incentive Compensation Plan; vesting occurs on the earlier of (i) June 8, 2027 or (ii) the date of the 2027 annual meeting of stockholders.
Context
This is a grant of restricted stock to a non-employee director — a common form of director compensation. Because the shares are subject to vesting, the award does not necessarily indicate immediate economic investment or sale; it represents future compensation contingent on continued service or meeting vesting conditions.