International Seaways, Inc. 8-K

What Happened
International Seaways, Inc. (INSW) filed an 8-K reporting that it entered into a Second Amended and Restated Rights Agreement dated April 9, 2026 with Computershare Trust Company, N.A., as Rights Agent. The company amended and restated its Amended and Restated Rights Agreement (originally dated April 11, 2023) to extend the Final Expiration Date to April 8, 2029 and to increase the Purchase Price from $50 to $95. A copy of the Second A&R Rights Agreement is filed as Exhibit 4.1 to the 8-K.

Key Details

• Agreement date: Second Amended and Restated Rights Agreement dated April 9, 2026.
• Final Expiration Date extended to: April 8, 2029.
• Purchase Price (exercise price) increased from $50 to $95.
• Rights Agent: Computershare Trust Company, N.A.; Exhibit 4.1 includes the Form of Right Certificate (Exhibit A) and Summary of Rights to Purchase Common Stock (Exhibit B).

Why It Matters
The filing formally changes the terms of INSW’s shareholder rights (the “rights plan”), extending how long the plan remains in effect and raising the price at which holders can purchase shares under the rights. For investors, these changes affect the mechanics and potential dilutive impact of the rights and extend the period in which the plan can influence corporate transactions or shareholder dynamics. The amended agreement is publicly filed as an exhibit for review.