INSW International Seaways, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2024: $0M, Q3 2023: $20M, Q3 2021: $0M, Q2 2021: $20M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $13M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-53M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 557,711 shares = 1.1% of 49,404,078 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $39M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 41853944.1x more than bought. 4 C-suite officers among sellers

• Pribor Jeffrey (SVP & CFO) sold 1,000 shares on 2026-04-15
• Zabrocky Lois K (President & CEO) sold 2,000 shares on 2026-04-15
• Pribor Jeffrey (SVP & CFO) sold 1,000 shares on 2026-03-16
• Zabrocky Lois K (President & CEO) sold 2,000 shares on 2026-03-16
• Nugent William F. (Senior Vice President) sold 9,583 shares on 2026-03-02
• Solon Derek G. (Senior Vice President) sold 6,000 shares on 2026-03-02
• Zabrocky Lois K (President & CEO) sold 2,000 shares on 2026-02-17
• Pribor Jeffrey (SVP & CFO) sold 1,000 shares on 2026-02-17
• Pribor Jeffrey (SVP & CFO) sold 1,000 shares on 2026-01-15
• Zabrocky Lois K (President & CEO) sold 2,000 shares on 2026-01-15