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Jeffrey Pribor, Senior Vice President and Chief Financial Officer of International Seaways, Inc. (NASDAQ:INSW), sold shares of the company’s common stock, according to a recent SEC filing.
The transaction, which occurred on June 15, 2026, involved the sale of 1,000 shares. The shares were sold at a price of $81.68 per share, totaling $81,680. Following this sale, Mr. Pribor directly holds 101,984 shares of International Seaways common stock.The insider sale comes as INSW shares have delivered exceptional returns, climbing 127% over the past year and 81% in the last six months. Trading at a P/E ratio of 7.42, the stock appears undervalued according to InvestingPro Fair Value analysis. The company also rewards shareholders with a substantial 10.23% dividend yield. InvestingPro offers 14 additional exclusive tips for INSW investors.
The transaction was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Pribor established on May 23, 2025.
In other recent news, International Seaways Inc. reported impressive financial results for the first quarter of 2026, surpassing analyst expectations. The company achieved an adjusted earnings per share of $3.90, significantly exceeding the forecasted $2.68. This result highlights a 45.52% surprise, driven by favorable tanker market conditions. In addition, International Seaways held its 2026 Annual Meeting of Stockholders, where shareholders approved board and executive pay changes. The meeting saw the election of nine directors, including Darron M. Anderson and Lois K. Zabrocky, to serve until the next annual meeting. Meanwhile, Jefferies maintains a Buy rating on International Seaways, along with Dorian LPG Ltd, Star Bulk Carriers Corp, and Scorpio Tankers Inc, following its Shipping Summit. Dorian LPG continues to express a positive medium-term outlook on the LPG market, citing structural demand growth from Asian petrochemical crackers. The company benefits from low cash breakeven levels and reduced capital expenditure after completing its drydocking cycle.
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