International Seaways Insider Sells $1.5 Million in Shares, Raises Questions About Trading Cadence and Capacity

International Seaways' Chief Accounting Officer, James D. Small III, sold 20,000 shares of common stock for a transaction value of $1.5 million. This sale is the largest in Small's open-market sale history and represents a 35.5% decline in his direct holdings. The proportion of holdings sold has risen with each successive transaction, reflecting a shrinking available share base. The transaction may raise some concerns, but a little context helps put things in perspective.