Nugent William F. 4
4 · International Seaways, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
International Seaways SVP William Nugent Receives 1,725 RSU Shares
What Happened
William F. Nugent, Senior Vice President of International Seaways, received 1,725 shares of common stock on March 13, 2026 upon the vesting of 1,725 restricted stock units (RSUs) under the company's 2020 Management Incentive Compensation Plan. Of those shares, 808 were withheld by the company to satisfy the insider’s tax withholding obligation, leaving a net delivery of 917 shares to Mr. Nugent. No cash purchase or open-market sale was reported and no per-share price was provided (price N/A).
Key Details
- Transaction date: March 13, 2026 (vesting/settlement of RSUs); Form 4 filed March 16, 2026. Because March 14–15 were a weekend, the filing appears to meet the two-business-day reporting deadline.
- Transaction types reported: acquisition via RSU settlement (code J) of 1,725 shares; withholding/tax disposition (code F/D) of 808 shares (withholding) and a related derivative disposition notation.
- Net shares received by insider: 917 shares (1,725 vested − 808 withheld).
- Price: N/A (shares issued upon vesting; no cash paid by the insider).
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: F1/F2 confirm the 1,725 RSUs vested and were settled in common stock and that 808 shares were withheld by INSW to cover the reporting person’s tax withholding liability.
Context
This was a routine equity compensation event (RSU vesting), not an open-market purchase or sale. Withholding to cover taxes is common and does not indicate a market sentiment trade. The filing shows settlement of derivative awards rather than exercising tradable stock options.
Insider Transaction Report
- Other
Common Stock, no par value per share
[F1]2026-03-13+1,725→ 56,807 total - Tax Payment
Common Stock, no par value per share
[F1]2026-03-13−808→ 55,999 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 808 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.