International Seaways Management

Management criteria checks 3/4

International Seaways' CEO is Lois Zabrocky, appointed in Nov 2016, has a tenure of 7.67 years. total yearly compensation is $4.28M, comprised of 17.5% salary and 82.5% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth €8.78M. The average tenure of the management team and the board of directors is 7.7 years and 6.6 years respectively.

Key information

Lois Zabrocky

Chief executive officer

US$4.3m

Total compensation

CEO salary percentage	17.5%
CEO tenure	7.7yrs
CEO ownership	0.3%
Management average tenure	7.7yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lois Zabrocky's remuneration changed compared to International Seaways's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$528m
Dec 31 2023	US$4m	US$749k	US$556m
Sep 30 2023	n/a	n/a	US$642m
Jun 30 2023	n/a	n/a	US$658m
Mar 31 2023	n/a	n/a	US$573m
Dec 31 2022	US$5m	US$696k	US$387m
Sep 30 2022	n/a	n/a	US$135m
Jun 30 2022	n/a	n/a	-US$46m
Mar 31 2022	n/a	n/a	-US$133m
Dec 31 2021	US$3m	US$675k	-US$134m
Sep 30 2021	n/a	n/a	-US$216m
Jun 30 2021	n/a	n/a	-US$135m
Mar 31 2021	n/a	n/a	-US$52m
Dec 31 2020	US$3m	US$672k	-US$6m
Sep 30 2020	n/a	n/a	US$127m
Jun 30 2020	n/a	n/a	US$102m
Mar 31 2020	n/a	n/a	US$21m
Dec 31 2019	US$3m	US$615k	-US$830k
Sep 30 2019	n/a	n/a	-US$10m
Jun 30 2019	n/a	n/a	-US$46m
Mar 31 2019	n/a	n/a	-US$49m
Dec 31 2018	US$2m	US$600k	-US$89m
Sep 30 2018	n/a	n/a	-US$187m
Jun 30 2018	n/a	n/a	-US$161m
Mar 31 2018	n/a	n/a	-US$153m
Dec 31 2017	US$2m	US$525k	-US$106m

Compensation vs Market: Lois's total compensation ($USD4.28M) is above average for companies of similar size in the German market ($USD2.26M).

Compensation vs Earnings: Lois's compensation has been consistent with company performance over the past year.

CEO

Lois Zabrocky (54 yo)

7.7yrs

Tenure

US$4,275,366

Compensation

Ms. Lois K. Zabrocky serves as President and Director at Diamond S Shipping Inc. since July 16, 2021. She has been an Independent Director of Tidewater Inc. since July 28, 2020. Ms. Zabrocky has been the C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lois Zabrocky	President	7.7yrs	US$4.28m	0.33% $ 8.8m
Jeffrey Pribor	CFO, Senior VP & Treasurer	7.7yrs	US$2.48m	0.083% $ 2.2m
William Nugent	Senior VP & Chief Technical and Sustainability Officer	1.3yrs	US$1.49m	0.11% $ 3.0m
James Small	Chief Administrative Officer	7.7yrs	US$1.98m	0.11% $ 3.0m
Derek Solon	Senior VP & Chief Commercial Officer	7.7yrs	US$1.48m	0.098% $ 2.6m
Thomas Trovato	Vice President of Corporate Finance & Investor Relations	no data	no data	no data
Adewale Oshodi	VP & Controller	7.7yrs	US$604.19k	0.013% $ 342.8k

7.7yrs

Average Tenure

54.5yo

Average Age

Experienced Management: IS5's management team is seasoned and experienced (7.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lois Zabrocky	President	6.2yrs	US$4.28m	0.33% $ 8.8m
Craig Stevenson	Director	3yrs	US$180.00k	0.25% $ 6.9m
A. Blankenship	Independent Director	3yrs	US$190.00k	0.043% $ 1.2m
Douglas Wheat	Independent Non-Executive Chairman	7.7yrs	US$392.00k	0.042% $ 1.1m
David Greenberg	Independent Director	7.1yrs	US$210.00k	0.059% $ 1.6m
Timothy Bernlohr	Independent Non-Employee Director	7.7yrs	US$208.25k	0.094% $ 2.5m
Randee Day	Independent Non-Employee Director	7.7yrs	US$212.50k	0.045% $ 1.2m
Ian Blackley	Independent Non-Employee Director	11yrs	US$198.25k	0.034% $ 921.6k
Kristian Johansen	Independent Director	less than a year	no data	0.0041% $ 110.7k
Darron Anderson	Independent Director	less than a year	no data	0.0041% $ 110.7k

6.6yrs

Average Tenure

67yo

Average Age

Experienced Board: IS5's board of directors are considered experienced (6.6 years average tenure).

International Seaways Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Administrative Officer recently sold €387k worth of stock

CFO, Senior VP & Treasurer recently sold €2.0m worth of stock

VP & Controller recently sold €358k worth of stock

International Seaways, Inc., Annual General Meeting, Jun 12, 2024

International Seaways, Inc. Announces Retirement of Joseph I. Kronsberg to Its Board

President recently sold €667k worth of stock

Recent updates

Chief Administrative Officer recently sold €387k worth of stock

CFO, Senior VP & Treasurer recently sold €2.0m worth of stock

Upcoming dividend of US$1.75 per share

VP & Controller recently sold €358k worth of stock

First quarter dividend of US$0.12 announced

First quarter 2024 earnings released: EPS: US$2.95 (vs US$3.51 in 1Q 2023)

International Seaways, Inc. Declares Dividend, Payable on June 26, 2024

International Seaways, Inc., Annual General Meeting, Jun 12, 2024

International Seaways, Inc. to Report Q1, 2024 Results on May 08, 2024

International Seaways, Inc. Announces Retirement of Joseph I. Kronsberg to Its Board

President recently sold €667k worth of stock

Upcoming dividend of US$1.32 per share

Full year 2023 earnings released: EPS: US$11.35 (vs US$7.85 in FY 2022)

International Seaways, Inc. Declares Quarterly Dividend, Payable on March 28, 2024

International Seaways, Inc. to Report Q4, 2023 Results on Feb 29, 2024

International Seaways, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.

International Seaways, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.

Upcoming dividend of US$1.25 per share at 14% yield

Third quarter 2023 earnings released: EPS: US$2.00 (vs US$2.30 in 3Q 2022)

International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on December 27, 2023

International Seaways, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$1.42 per share at 12% yield

Independent Non-Executive Chairman recently sold €338k worth of stock

Chief Administrative Officer recently sold €824k worth of stock

International Seaways, Inc. Declares Quarterly Cash Dividend, Payable on September 27, 2023

Second quarter 2023 earnings released: EPS: US$3.13 (vs US$1.39 in 2Q 2022)

International Seaways, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Upcoming dividend of US$1.62 per share at 11% yield

First quarter 2023 earnings released: EPS: US$3.51 (vs US$0.26 loss in 1Q 2022)

International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on June 28, 2023

Now 22% undervalued

Now 21% undervalued

Now 21% undervalued

Investor sentiment deteriorates as stock falls 15%

Independent Non-Executive Chairman recently sold €854k worth of stock

Full year 2022 earnings released: EPS: US$7.86 (vs US$3.48 loss in FY 2021)

International Seaways, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Investor sentiment improves as stock rises 16%

Chief Administrative Officer recently sold €240k worth of stock

Upcoming dividend of US$1.12 per share

Independent Non-Employee Director recently sold €63k worth of stock

Third quarter 2022 earnings released: EPS: US$2.30 (vs US$1.44 loss in 3Q 2021)

International Seaways, Inc. Declares Special Dividend, Payable on December 22, 2022

International Seaways, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Independent Non-Employee Director recently sold €503k worth of stock

Upcoming dividend of US$0.12 per share

Famatown Finance Limited Issues a Press Release to the Board of the International Seaways Inc

Independent Non-Executive Chairman recently sold €618k worth of stock

Second quarter 2022 earnings released: EPS: US$1.39 (vs US$0.67 loss in 2Q 2021)

International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on September 28, 2022

International Seaways, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Chief Administrative Officer recently sold €422k worth of stock

International Seaways, Inc. Declares Cash Dividend for the Second Quarter of 2022, Payable on June 29, 2022

Famatown Finance Limited Sends a Letter to International Seaways Inc

First quarter 2022 earnings released: US$0.26 loss per share (vs US$0.48 loss in 1Q 2021)

International Seaways, Inc., Annual General Meeting, Jun 02, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on March 28, 2022

International Seaways, Inc. to Report Q4, 2021 Results on Mar 01, 2022

Upcoming dividend of US$0.06 per share

Third quarter 2021 earnings released: US$1.44 loss per share (vs US$0.50 profit in 3Q 2020)

Forecast to breakeven in 2022

Upcoming dividend of US$0.06 per share

Second quarter 2021 earnings released: US$0.67 loss per share (vs US$2.26 profit in 2Q 2020)

Forecast breakeven moved forward to 2021

Forecast breakeven moved forward to 2021

Upcoming dividend of US$1.12 per share

International Seaways, Inc. Declares Conditional Special Cash Dividend, Payable on July 15, 2021

CFO, Senior VP & Treasurer recently sold €56k worth of stock