Pribor Jeffrey, SVP and CFO of International Seaways (INSW), has filed 39 Form 4 transactions over the past year, all in a single company. The pattern is overwhelmingly one-sided: roughly $751,660 in open-market sales against zero purchases, with no acquisitions of new shares. The most recent activity, spanning February through July 2026, shows six straight open-market sales (code S) on the 15th of each month, ranging from $63,290 on February 17 to $87,490 on July 15. These are modest, regular dispositions—typically $65,000 to $87,000 per transaction—suggesting a systematic liquidation schedule rather than a one-off event.
The selling is punctuated by mechanical transactions that inflate the raw trade count. On March 2, March 16, and February 4, Jeffrey exercised options (code M) worth roughly $288,840, $288,840, and $263,124 respectively, but simultaneously had shares withheld to cover taxes (code F) at values of $609,323, $597,630, and $583,645. These are automatic, non-discretionary events. A cluster of zero-value codes (D, F, J) in late February and March reflects administrative adjustments—sales back to the issuer, tax withholdings, and other non-cash entries—not conviction trades. The only compensation event was a grant (code A) on June 8, 2026, valued at $0, which is standard equity compensation.
The net picture is clear: Jeffrey is a consistent, moderate seller of INSW stock, with no open-market buys in the entire filing history. The monthly cadence and small dollar amounts point to routine portfolio diversification rather than a concentrated exit. The absence of any purchase activity—even during periods of price volatility—reinforces a one-directional bias. For investors, this is a CFO methodically trimming holdings, not signaling distress or urgency, but the lack of any accumulation is notable for a senior insider.
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