International Seaways (NYSE: INSW) CFO sells 1,000 shares under trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Seaways, Inc. Senior Vice President and CFO Jeffrey Pribor sold 1,000 shares of Common Stock in an open‑market transaction at $74.50 per share. After this sale, he directly holds 103,984 shares of the company’s stock. The transaction was effected under a Rule 10b5-1 trading plan executed by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,000 shares ($74,500)
Net Sell
1 txn
Insider
Pribor Jeffrey
Role
SVP & CFO
Sold
1,000 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $74.50 | $75K |
Holdings After Transaction:
Common Stock — 103,984 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,000 shares
Sale price: $74.50 per share
Shares held after sale: 103,984 shares
+1 more
4 metrics
Shares sold
1,000 shares
Open-market sale of Common Stock
Sale price
$74.50 per share
Price for the 1,000 shares sold
Shares held after sale
103,984 shares
Direct holdings following the transaction
Net shares sold
1,000 shares
Net change in buy/sell activity reported
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
3 terms
Rule 10b5-1 trading plan financial
"The transaction ... was effected pursuant to a rule 10b5-1 trading plan executed by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did INSW CFO Jeffrey Pribor report on this Form 4?
Jeffrey Pribor, SVP & CFO of International Seaways, reported selling 1,000 shares of Common Stock in an open‑market transaction. The sale was disclosed as part of a routine Form 4 insider trading report filed with the SEC for transparency on executive share dealings.
Was the INSW CFO’s sale under a Rule 10b5-1 trading plan?
Yes. The footnote explains the sale was effected under a Rule 10b5‑1 trading plan executed by the reporting person. Such plans pre‑schedule trades, indicating this disposition was part of a pre‑arranged program rather than a spontaneous market‑timing decision.
Does this INSW Form 4 involve any derivative securities or option exercises?
No derivative transactions or option exercises appear in this Form 4. The filing reports only a single non‑derivative transaction: an open‑market sale of 1,000 shares of Common Stock, with no accompanying options, warrants, or other derivative security activity disclosed.