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 Director of International Seaways, sold 2,000 shares of INSW stock in an open-market transaction. The filing reports a weighted average sale price of $81.34 per share for total proceeds of $162,676.
- The sale was executed in multiple trades with prices ranging from $80.09 to $82.26 and was effected pursuant to a Rule 10b5-1 trading plan established on March 14, 2025.
Key Details
- Transaction date: 2026-06-15 (reported on Form 4 filed 2026-06-17).
- Reported weighted average price: $81.34; price range across trades: $80.09–$82.26.
- Shares sold: 2,000; gross proceeds reported: $162,676.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 confirms multiple trades and the 10b5-1 plan; the reporting person offers to provide detailed trade-by-trade information upon request.
- Timeliness: Filed two days after the transaction (within the typical two-business-day Form 4 reporting window).
Context
- This was a sale (S), not a purchase—insider sales can be routine or for personal/liquidity reasons; the 10b5-1 plan indicates the trades were pre-scheduled rather than ad hoc. The filing provides no statement about the company’s prospects or the insider’s motivations.