CompBrief BY VELARION

Companies International Seaways, Inc.

International Seaways (INSW): executive pay, fiscal 2025

Free brief. Every figure links to the company’s own filing.

Velarion Intel: free for 3 days, no card →

Email me International Seaways, Inc.’s executive pay brief as a PDF

You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.

After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.

Also free: The Pay Desk, the weekly executive pay briefing.
CEO total pay$4,505,569CEO Lois Zabrocky · source
Say-on-pay support98.86%Latest vote · source
CEO vs. named peers20th pct.Of 25 peer CEOs
CEO pay ratio184:1To the median employee · source

CEO pay, last three years

  • $4,275,366FY2023
  • $3,993,171FY2024
  • $4,505,569FY2025

CEO total pay was $4,505,569 in fiscal 2025, up from $3,993,171 in fiscal 2024.

FY2025: salary $800,000 · bonus $0 · stock awards $2,618,159 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at International Seaways, Inc. in fiscal 2025?
As disclosed, Lois Zabrocky (President and Chief Executive Officer) was the highest-paid executive at International Seaways, Inc. in fiscal 2025, with total compensation of $4,505,569.
How does International Seaways, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Lois Zabrocky's total compensation ranked at the 20th percentile of International Seaways, Inc.'s disclosed peer group.
What is International Seaways, Inc.'s CEO-to-median employee pay ratio?
As disclosed, International Seaways, Inc.'s CEO-to-median employee pay ratio was 184:1.
How did shareholders vote on International Seaways, Inc.'s executive compensation?
As disclosed, 98.86% of shareholders supported International Seaways, Inc.'s executive compensation in the latest say-on-pay vote.
How much does International Seaways, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, International Seaways, Inc. reported total board compensation of $1,936,786 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Lois Zabrocky$800,000$0$2,618,159$0$1,037,000$0$50,410$4,505,569
President and Chief Executive Officer
Jeffrey Pribor622,1150954,5450713,625039,8152,330,100
Senior Vice President and Chief Financial Officer
James Small III563,0760640,9850581,385026,9261,812,372
Senior Vice President, Chief Administrative Officer, Secretary and General Counsel
Derek Solon435,0000569,4340464,023026,4281,494,885
Senior Vice President and Chief Commercial Officer
William Nugent435,0000569,4340458,212027,0411,489,687
Senior Vice President and Chief Technical and Sustainability Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Lois Zabrocky$4,505,569$3,993,171$4,275,366↑ +512,398
Jeffrey Pribor2,330,1002,425,8012,480,969↓ −95,701
James Small III1,812,3721,930,3021,975,233↓ −117,930
Derek Solon1,494,8851,492,7271,477,050↑ +2,158
William Nugent1,489,6871,515,7561,492,740↓ −26,069

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policy—
Anti-hedging—
Anti-pledging—
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William NugentPSU2025-03-124,6009,2009,20013,800$569,434
James Small IIIPSU2025-03-125,17810,35610,35615,534640,985
Derek SolonPSU2025-03-124,6009,2009,20013,800569,434
Lois ZabrockyPSU2025-03-1221,15042,30042,30063,4502,618,159
Jeffrey PriborPSU2025-03-127,71115,42215,42223,133954,545

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Nugent$0$569,434$0100.0%
James Small III0640,9850100.0%
Derek Solon0569,4340100.0%
Lois Zabrocky02,618,1590100.0%
Jeffrey Pribor0954,5450100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Derek SolonRSU1,780—$86,419
William NugentRSU1,780—86,419
James Small IIIRSU2,300—111,665
Derek SolonRSU3,451—167,546
William NugentRSU3,451—167,546
Jeffrey PriborRSU3,524—171,090
James Small IIIRSU4,402—213,717
Derek SolonPSU5,176—251,295
William NugentPSU5,176—251,295
Lois ZabrockyRSU6,510—316,061
James Small IIIPSU6,604—320,624
Jeffrey PriborRSU6,775—328,926
Derek SolonRSU9,200—446,660
Derek SolonPSU9,200—446,660
William NugentRSU9,200—446,660
William NugentPSU9,200—446,660
Jeffrey PriborPSU10,162—493,365
James Small IIIRSU10,356—502,784
James Small IIIPSU10,356—502,784
Lois ZabrockyRSU12,693—616,245
Jeffrey PriborRSU15,422—748,738
Jeffrey PriborPSU15,422—748,738
Lois ZabrockyPSU19,040—924,392
Lois ZabrockyRSU42,300—2,053,665
Lois ZabrockyPSU42,300—2,053,665
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ian T. BlackleyIndependent · Board Chair · Sustainability and Safety (Chair) · Compensation · Governance · Audit$192,000$234,982——$0$426,982
Randee E. DayIndependent · Governance · Audit115,000114,972——0229,972
David I. GreenbergIndependent · Governance · Audit110,000114,972——0224,972
Timothy J. BernlohrIndependent · Compensation · Governance110,000114,972——0224,972
Darron M. AndersonIndependent · Compensation · Sustainability and Safety100,000114,972——0214,972
A. Kate BlankenshipIndependent · Compensation · Audit100,000114,972——0214,972
Kristian K. JohansenIndependent · Sustainability and Safety90,000114,972——0204,972
Craig H. Stevenson JrIndependent80,000114,972——0194,972
Lois K. ZabrockyEmployee director—————0

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$115,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline$3

Total cost of the board

ComponentFY2025
Cash retainers and fees$897,000
Equity awards (grant-date value)$1,039,786
All other compensation$0
Total cost of the board$1,936,786

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names International Seaways as a peer

Companies that benchmark against INSW

4 companies name INSW as a compensation peer

Each company listed discloses INSW in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named INSW in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Algoma Central Corporation Eagle Bulk Shipping Inc. Frontline PLCHLX Helix Energy Solutions Group, Inc. Tsakos Energy Navigation LimitedEE Excelerate Energy, Inc.VTOL Bristow Group Inc.DHT DHT Holdings, Inc. Odfjell SETDW Tidewater Inc.ASC Ardmore Shipping Corporation Cmb.Tech NVLPG Dorian LPG Ltd. Hafnia LimitedWKC World Kinect CorporationTNK Teekay Tankers Ltd.KEX Kirby CorporationLSTR Landstar System, Inc.GEL Genesis Energy, L.P. TORM plcSTNG Scorpio Tankers Inc.MATX Matson, Inc.NAT Nordic American Tankers LimitedSFL SFL Corporation LimitedGNK Genco Shipping & Trading Limited

Peer reciprocity

The companies International Seaways, Inc. names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Kirby Corporation2025David Grzebinski$1,091,754$2,250,127$0$3,349,255$6,735,134
2Matson, Inc.2025Matthew Cox963,6964,016,50701,231,3446,490,287
3Dorian LPG Ltd.2026John Hadjipateras750,0002,876,05101,359,3756,311,926
4Excelerate Energy, Inc.2025Steven Kobos850,0003,988,48401,250,3506,104,814
5Tidewater Inc.2025Quintin Kneen750,0003,892,45801,078,1255,732,208
6Bristow Group Inc.2025Christopher Bradshaw800,0003,584,60701,291,2005,706,605
7Helix Energy Solutions Group, Inc.2025Owen Kratz800,0003,838,5190420,0005,067,269
8Landstar System, Inc.2025Frank Lonegro800,0003,473,0490210,0004,574,887
9International Seaways, Inc.2025Lois Zabrocky800,0002,618,15901,037,0004,505,569
10Genco Shipping & Trading Limited2025John Wobensmith725,0002,065,43301,124,0003,965,933
11World Kinect Corporation2025Ira Birns700,0002,250,0380371,7473,359,625
—DHT Holdings, Inc.——————not in coverage universe
—Ardmore Shipping Corporation——————not in coverage universe
—Teekay Tankers Ltd.——————not in coverage universe
—Genesis Energy, LP——————not in coverage universe
—Scorpio Tankers Inc.——————not in coverage universe
—Nordic American Tankers Limited——————not in coverage universe
—SFL Corporation Limited——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
International Seaways, Inc.not disclosednot disclosednot disclosednot disclosed
Ardmore Shipping Corporationnot disclosednot disclosednot disclosednot disclosed
Bristow Group Inc.not disclosednot disclosednot disclosednot disclosed
DHT Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Dorian LPG Ltd.not disclosednot disclosednot disclosednot disclosed
Excelerate Energy, Inc.not disclosedRSU 50 · PSU 50not disclosedFW Cook
Genco Shipping & Trading Limitednot disclosedPRSU 60 · RSU 40not disclosedFrederic W. Cook & Co., Inc.
Genesis Energy, LPnot disclosednot disclosednot disclosednot disclosed
Helix Energy Solutions Group, Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
Kirby Corporationnot disclosedRSU 100not disclosedMeridian Compensation Partners
Landstar System, Inc.not disclosednot disclosednot disclosedFW Cook; Compensation Strategies, Inc.
Matson, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Nordic American Tankers Limitednot disclosednot disclosednot disclosednot disclosed
Scorpio Tankers Inc.not disclosednot disclosednot disclosednot disclosed
SFL Corporation Limitednot disclosednot disclosednot disclosednot disclosed
Teekay Tankers Ltd.not disclosednot disclosednot disclosednot disclosed
Tidewater Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
World Kinect Corporationnot disclosedPRSU 60 · RSU 40not disclosedCompensation Strategies, Inc.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0841,218,025476,85842,79398.86%Passed
20252025-06-1036,887,312967,99560,61097.44%Passed
20242024-06-1237,029,2871,528,86963,81996.03%Passed
20232023-06-0623,051,82813,213,69656,92863.56%Passed
20222022-06-0221,259,6519,768,479449,41468.52%Passed
20212021-06-0222,661,1351,573,86021,83793.51%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-0898.86%a
20252025-06-1097.44%b
20242024-06-1296.03%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will be counted for purposes of determining the presence or absence of a quorum but will not be counted for purposes of determining the number of votes cast.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)184 : 1
CEO total compensation$3,993,171
Median employee compensation$21,674
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (41 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Lois Zabrocky. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 47. As printed: 4,505,569. View filing ↗
  • Section 01, Jeffrey Pribor. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 47. As printed: 2,330,100. View filing ↗
  • Section 01, James Small III. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 47. As printed: 1,812,372. View filing ↗
  • Section 01, Derek Solon. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 47. As printed: 1,494,885. View filing ↗
  • Section 01, William Nugent. DEF 14A, filed 2026-04-29. Section “Summary Compensation Table” · page 47. As printed: 1,489,687. View filing ↗
  • Section 03, William Nugent PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, James Small III PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Derek Solon PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Lois Zabrocky PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Pribor PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-04-30. Section “CEO Pay Ratio”. As printed: 184 : 1. View filing ↗
  • Section 08, Ian T. Blackley. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 426,982. View filing ↗
  • Section 08, Randee E. Day. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 229,972. View filing ↗
  • Section 08, David I. Greenberg. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 224,972. View filing ↗
  • Section 08, Timothy J. Bernlohr. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 224,972. View filing ↗
  • Section 08, Darron M. Anderson. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 214,972. View filing ↗
  • Section 08, A. Kate Blankenship. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 214,972. View filing ↗
  • Section 08, Kristian K. Johansen. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 204,972. View filing ↗
  • Section 08, Craig H. Stevenson Jr. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 194,972. View filing ↗
  • Section 08, Lois K. Zabrocky. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-12. Item 5.07 · say-on-pay result. As reported: 98.86% (votes for as printed: 41,218,025). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-12. Item 5.07 · say-on-pay result. As reported: 97.44% (votes for as printed: 36,887,312). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-18. Item 5.07 · say-on-pay result. As reported: 96.03% (votes for as printed: 37,029,287). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 897,000 + equity 1,039,786 + all other 0 = 1,936,786, summed across the director compensation table rows.
  • Kirby Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-06. CEO total compensation as printed in Kirby Corporation's own proxy. As printed: 6,735,134. View filing ↗
  • Matson, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in Matson, Inc.'s own proxy. As printed: 6,490,287. View filing ↗
  • Dorian LPG Ltd., Section 10b CEO total. DEF 14A, filed 2026-07-27. CEO total compensation as printed in Dorian LPG Ltd.'s own proxy. As printed: 6,311,926. View filing ↗
  • Excelerate Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Excelerate Energy, Inc.'s own proxy. As printed: 6,104,814. View filing ↗
  • Tidewater Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Tidewater Inc.'s own proxy. As printed: 5,732,208. View filing ↗
  • Bristow Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Bristow Group Inc.'s own proxy. As printed: 5,706,605. View filing ↗
  • Helix Energy Solutions Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. View filing ↗
  • Landstar System, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Landstar System, Inc.'s own proxy. As printed: 4,574,887. View filing ↗
  • International Seaways, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in International Seaways, Inc.'s own proxy. As printed: 4,505,569. View filing ↗
  • Genco Shipping & Trading Limited, Section 10b CEO total. DEF 14A, filed 2026-05-07. CEO total compensation as printed in Genco Shipping & Trading Limited's own proxy. As printed: 3,965,933. View filing ↗
  • World Kinect Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in World Kinect Corporation's own proxy. As printed: 3,359,625. View filing ↗
  • Section 10a, Excelerate Energy, Inc. reciprocity. DEF 14A. Excelerate Energy, Inc. names International Seaways, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Tidewater Inc. reciprocity. DEF 14A. Tidewater Inc. names International Seaways, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Dorian LPG Ltd. reciprocity. DEF 14A. Dorian LPG Ltd. names International Seaways, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Genco Shipping & Trading Limited reciprocity. DEF 14A. Genco Shipping & Trading Limited names International Seaways, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Get the full report — $500