BLACKLEY IAN T 4
Research Summary
AI-generated summary
International Seaways (INSW) Director Ian Blackley Receives Award
What Happened
Ian T. Blackley, a director of International Seaways, was granted 2,886 shares of common stock on June 8, 2026. The Form 4 reports the acquisition as an "other acquisition" (transaction code J) at a reported price of $0.00 (no cash exchanged). This grant is an award of stock rather than a purchase or sale.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (within the standard 2-business-day reporting window).
- Shares granted: 2,886; reported acquisition price: $0.00 (award).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: Grant made under the Issuer's 2020 Non-Employee Director Incentive Compensation Plan; the shares vest on the earlier of (i) June 8, 2027 or (ii) the date of the 2027 annual meeting of stockholders.
- Transaction code: J (other acquisition or disposition).
Context
This is a typical director compensation award (restricted stock grant) and does not involve an open-market purchase or sale. Because the shares vest in the future, they may be forfeited if vesting conditions are not met; the grant itself should not be interpreted as an immediate trading signal.