BERNLOHR TIMOTHY J 4
Research Summary
AI-generated summary
International Seaways (INSW) Director Timothy Bernlohr Receives Award
What Happened
- Timothy J. Bernlohr, a director of International Seaways, was granted 1,842 shares of common stock on June 8, 2026. The grant was reported as an Other acquisition (code J) at a $0.00 per-share price (no cash paid). The shares vest on the earlier of June 8, 2027 or the company's 2027 annual meeting of stockholders.
Key Details
- Transaction date: June 8, 2026; reported price: $0.00 per share; total shares granted: 1,842.
- Filing date: Form 4 filed June 10, 2026 — within the standard two-business-day reporting window (timely).
- Shares owned after transaction: not specified in the supplied filing details.
- Footnote: Grant made under the Issuer's 2020 Non-Employee Director Incentive Compensation Plan; vesting tied to one-year anniversary or 2027 annual meeting.
- Transaction code: J (Other acquisition or disposition).
Context
- This appears to be a routine non-employee director equity award (common practice to compensate board members). Such grants are compensation, not an open-market purchase or sale, and do not by themselves indicate a change in insider sentiment about the stock.