Solon Derek G. 4
4 · International Seaways, Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
International Seaways (INSW) SVP Derek Solon Receives Award
What Happened
Solon Derek G., Senior Vice President of International Seaways, had 3,066 restricted stock units (RSUs) vest on March 12, 2026 and those units were settled into 3,066 shares of common stock. Of those shares, 1,495 were withheld by the company to satisfy the reporting person's tax withholding obligation, resulting in a net receipt of 1,571 shares. No per-share price or total dollar value is reported in the filing.
Key Details
- Transaction date: March 12, 2026 (Form 4 filed March 13, 2026 — a timely filing).
- Shares from vesting/settlement: 3,066 RSUs vested and were settled into 3,066 shares (reported as an acquisition).
- Tax withholding: 1,495 shares were withheld by INSW to cover tax liability (reported as a disposition for tax withholding).
- Net shares received by the insider: 1,571 shares.
- Prices/values: N/A in the filing (no dollar values reported).
- Footnotes: F1-F2 confirm the 3,066 RSUs vested under the 2020 Management Incentive Compensation Plan and were settled in shares; 1,495 shares withheld for taxes.
Context
This was a vesting/settlement of company-granted RSUs (an award), not an open-market purchase or voluntary sale. Withholding shares for taxes is a routine administrative step and does not necessarily indicate the insider’s view on the stock. The filing reports both the settlement of the derivative RSUs and the tax withholding; it does not provide a cash value for the transaction.
Insider Transaction Report
- Other
Common Stock, no par value per share
[F1]2026-03-12+3,066→ 54,996 total - Tax Payment
Common Stock, no par value per share
[F1]2026-03-12−1,495→ 53,501 total - Disposition to Issuer
Restricted Stock Units
[F2]2026-03-12−3,066→ 6,134 totalExercise: $0.00→ Common Stock (3,066 underlying)
Footnotes (2)
- [F1]These 3,066 shares of Common Stock are being acquired in connection with the vesting of 3,066 restricted stock units on March 12, 2026 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units 1,495 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
- [F2]These 3,066 restricted stock units vested on March 12, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.