Solon Derek G. 4
4 · International Seaways, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
International Seaways (INSW) SVP Derek Solon Receives Award
What Happened
- Derek G. Solon, Senior Vice President of International Seaways (INSW), had 1,725 restricted stock units (RSUs) vest on March 13, 2026. Those vested RSUs were settled into 1,725 shares of common stock. To cover tax withholding, the company withheld 807 of those shares, leaving a net delivery of 918 shares to Mr. Solon. No per-share price or cash value is reported on the Form 4.
Key Details
- Transaction date: March 13, 2026. Form filed: March 16, 2026.
- Reported transactions: 1,725 shares acquired on vesting (code J); 807 shares withheld for tax payment (code F); related issuer disposition reported (code D) reflecting the settlement/withholding process.
- Price/value: N/A on the filing — monetary value of the shares not disclosed here.
- Net shares received by the insider: 918 (1,725 vested − 807 withheld).
- Shares owned after the transaction: not specified on this Form 4.
- Footnotes: RSUs vested under the International Seaways, Inc. 2020 Management Incentive Compensation Plan; 807 shares withheld by INSW to satisfy the reporting person’s tax withholding liability.
Context
- This is a standard equity compensation event (RSU vesting) rather than an open-market purchase or sale; withholding of shares to cover taxes is routine (a form of cashless withholding) and does not necessarily signal a buying or selling decision by the insider.
- No late filing indication on the Form 4; filing occurred three days after the vesting date.
Insider Transaction Report
Form 4
Solon Derek G.
Senior Vice President
Transactions
- Other
Common Stock, no par value per share
[F1]2026-03-13+1,725→ 55,226 total - Tax Payment
Common Stock, no par value per share
[F1]2026-03-13−807→ 54,419 total - Disposition to Issuer
Restricted Stock Units
[F2]2026-03-13−1,725→ 1,726 totalExercise: $0.00→ Common Stock (1,725 underlying)
Footnotes (2)
- [F1]These 1,725 shares of Common Stock are being acquired in connection with the vesting of 1,725 restricted stock units on March 13, 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 807 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 1,725 restricted stock units vested on March 13, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
Signature
/s/James D. Small, Attorney-in-Fact, pursuant to power of attorney previously filed|2026-03-16