Johansen Kristian 4
Research Summary
AI-generated summary
International Seaways (INSW) Director Kristian Johansen Receives Award
What Happened
- Kristian Johansen, a director of International Seaways, was granted 1,842 shares of common stock on June 8, 2026. The reported transaction is an "other acquisition" (code J) with a reported price of $0.00 (total value $0 at grant).
- This is a compensation award (not an open‑market purchase or sale) and therefore does not represent an immediate cash investment or proceeds.
Key Details
- Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (timely — within the two‑business‑day reporting window).
- Shares granted: 1,842 common shares; reported price $0.00; aggregate reported value $0.
- Vesting: Per the filing footnote, the shares vest on the earlier of (i) June 8, 2027 or (ii) the date of the 2027 annual meeting of stockholders.
- Shares owned after transaction: not specified in the provided filing data.
- Plan: Grant made under the Issuer's 2020 Non‑Employee Director Incentive Compensation Plan (see footnote F1).
Context
- Director grants are routine compensation for non‑employee directors; they typically vest over time and do not immediately reflect trading intent. The award will become tradable or deliverable only as it vests and subject to any applicable restrictions or tax withholding.