Form 4: CEO Lois Zabrocky Sells International Seaways Shares
Statement of Changes in Beneficial Ownership
International Seaways CEO Lois Zabrocky sold 2,000 shares of common stock at a weighted average price of $81.3381.
Summary
- Lois K. Zabrocky, President and CEO of International Seaways, Inc., sold 2,000 shares of common stock.
- The transaction occurred on June 15, 2026.
- The shares were sold at a weighted average price of $81.3381, with individual trade prices ranging from $80.09 to $82.26.
- The sale was executed pursuant to a Rule 10b5-1 trading plan established on March 14, 2025.
- Following this transaction, the reporting person retains beneficial ownership of 177,745 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a small fraction of the CEO's total holdings.
Positives
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which is a standard mechanism for executives to sell shares without triggering insider trading concerns.
Negatives
- The transaction represents a reduction in the CEO's direct equity stake in the company.
Risks
- Insider selling can sometimes be perceived by the market as a signal that the stock price has reached a near-term peak.
Future Outlook
No specific forward-looking guidance regarding company operations was provided in this filing.
Industry Context
StockSavvy.ai notes that executive stock sales under 10b5-1 plans are routine corporate governance events and generally do not reflect a change in management's outlook on the company's long-term prospects.
Comparison to Industry Standards
- The use of Rule 10b5-1 plans is the industry standard for executives at major shipping and energy transportation firms to manage personal liquidity.
Stakeholder Impact
- Minimal impact expected on shareholders as the sale was executed via a pre-planned 10b5-1 program.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date the Rule 10b5-1 trading plan was executed. |
| 06/15/2026 | Date of the reported stock sale transaction. |
| 06/17/2026 | Date the Form 4 was signed and filed. |
Keywords
International Seaways, INSW, Insider Trading, Form 4, Lois Zabrocky, Stock Sale
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