Companies International Seaways, Inc.
International Seaways (INSW): executive pay, fiscal 2025
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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
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Lois Zabrocky | $800,000 | $0 | $2,618,159 | $0 | $1,037,000 | $0 | $50,410 | $4,505,569 |
| President and Chief Executive Officer | ||||||||
| Jeffrey Pribor | 622,115 | 0 | 954,545 | 0 | 713,625 | 0 | 39,815 | 2,330,100 |
| Senior Vice President and Chief Financial Officer | ||||||||
| James Small III | 563,076 | 0 | 640,985 | 0 | 581,385 | 0 | 26,926 | 1,812,372 |
| Senior Vice President, Chief Administrative Officer, Secretary and General Counsel | ||||||||
| Derek Solon | 435,000 | 0 | 569,434 | 0 | 464,023 | 0 | 26,428 | 1,494,885 |
| Senior Vice President and Chief Commercial Officer | ||||||||
| William Nugent | 435,000 | 0 | 569,434 | 0 | 458,212 | 0 | 27,041 | 1,489,687 |
| 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Lois Zabrocky | $4,505,569 | $3,993,171 | $4,275,366 | ↑ +512,398 |
| Jeffrey Pribor | 2,330,100 | 2,425,801 | 2,480,969 | ↓ −95,701 |
| James Small III | 1,812,372 | 1,930,302 | 1,975,233 | ↓ −117,930 |
| Derek Solon | 1,494,885 | 1,492,727 | 1,477,050 | ↑ +2,158 |
| William Nugent | 1,489,687 | 1,515,756 | 1,492,740 | ↓ −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
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| William Nugent | PSU | 2025-03-12 | 4,600 | 9,200 | 9,200 | 13,800 | $569,434 |
| James Small III | PSU | 2025-03-12 | 5,178 | 10,356 | 10,356 | 15,534 | 640,985 |
| Derek Solon | PSU | 2025-03-12 | 4,600 | 9,200 | 9,200 | 13,800 | 569,434 |
| Lois Zabrocky | PSU | 2025-03-12 | 21,150 | 42,300 | 42,300 | 63,450 | 2,618,159 |
| Jeffrey Pribor | PSU | 2025-03-12 | 7,711 | 15,422 | 15,422 | 23,133 | 954,545 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| William Nugent | $0 | $569,434 | $0 | 100.0% |
| James Small III | 0 | 640,985 | 0 | 100.0% |
| Derek Solon | 0 | 569,434 | 0 | 100.0% |
| Lois Zabrocky | 0 | 2,618,159 | 0 | 100.0% |
| Jeffrey Pribor | 0 | 954,545 | 0 | 100.0% |
% 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
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Derek Solon | RSU | 1,780 | — | $86,419 |
| William Nugent | RSU | 1,780 | — | 86,419 |
| James Small III | RSU | 2,300 | — | 111,665 |
| Derek Solon | RSU | 3,451 | — | 167,546 |
| William Nugent | RSU | 3,451 | — | 167,546 |
| Jeffrey Pribor | RSU | 3,524 | — | 171,090 |
| James Small III | RSU | 4,402 | — | 213,717 |
| Derek Solon | PSU | 5,176 | — | 251,295 |
| William Nugent | PSU | 5,176 | — | 251,295 |
| Lois Zabrocky | RSU | 6,510 | — | 316,061 |
| James Small III | PSU | 6,604 | — | 320,624 |
| Jeffrey Pribor | RSU | 6,775 | — | 328,926 |
| Derek Solon | RSU | 9,200 | — | 446,660 |
| Derek Solon | PSU | 9,200 | — | 446,660 |
| William Nugent | RSU | 9,200 | — | 446,660 |
| William Nugent | PSU | 9,200 | — | 446,660 |
| Jeffrey Pribor | PSU | 10,162 | — | 493,365 |
| James Small III | RSU | 10,356 | — | 502,784 |
| James Small III | PSU | 10,356 | — | 502,784 |
| Lois Zabrocky | RSU | 12,693 | — | 616,245 |
| Jeffrey Pribor | RSU | 15,422 | — | 748,738 |
| Jeffrey Pribor | PSU | 15,422 | — | 748,738 |
| Lois Zabrocky | PSU | 19,040 | — | 924,392 |
| Lois Zabrocky | RSU | 42,300 | — | 2,053,665 |
| Lois Zabrocky | PSU | 42,300 | — | 2,053,665 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Ian T. BlackleyIndependent · Board Chair · Sustainability and Safety (Chair) · Compensation · Governance · Audit | $192,000 | $234,982 | — | — | $0 | $426,982 |
| Randee E. DayIndependent · Governance · Audit | 115,000 | 114,972 | — | — | 0 | 229,972 |
| David I. GreenbergIndependent · Governance · Audit | 110,000 | 114,972 | — | — | 0 | 224,972 |
| Timothy J. BernlohrIndependent · Compensation · Governance | 110,000 | 114,972 | — | — | 0 | 224,972 |
| Darron M. AndersonIndependent · Compensation · Sustainability and Safety | 100,000 | 114,972 | — | — | 0 | 214,972 |
| A. Kate BlankenshipIndependent · Compensation · Audit | 100,000 | 114,972 | — | — | 0 | 214,972 |
| Kristian K. JohansenIndependent · Sustainability and Safety | 90,000 | 114,972 | — | — | 0 | 204,972 |
| Craig H. Stevenson JrIndependent | 80,000 | 114,972 | — | — | 0 | 194,972 |
| 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
| Component | FY2025 |
|---|---|
| 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
- DORIAN LPG LTD.LPGFY2026
- Excelerate Energy, Inc.EEFY2025
- GENCO SHIPPING & TRADING LTDGNKFY2025
- TIDEWATER INCTDWFY2025
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.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Kirby Corporation | 2025 | David Grzebinski | $1,091,754 | $2,250,127 | $0 | $3,349,255 | $6,735,134 |
| 2 | Matson, Inc. | 2025 | Matthew Cox | 963,696 | 4,016,507 | 0 | 1,231,344 | 6,490,287 |
| 3 | Dorian LPG Ltd. | 2026 | John Hadjipateras | 750,000 | 2,876,051 | 0 | 1,359,375 | 6,311,926 |
| 4 | Excelerate Energy, Inc. | 2025 | Steven Kobos | 850,000 | 3,988,484 | 0 | 1,250,350 | 6,104,814 |
| 5 | Tidewater Inc. | 2025 | Quintin Kneen | 750,000 | 3,892,458 | 0 | 1,078,125 | 5,732,208 |
| 6 | Bristow Group Inc. | 2025 | Christopher Bradshaw | 800,000 | 3,584,607 | 0 | 1,291,200 | 5,706,605 |
| 7 | Helix Energy Solutions Group, Inc. | 2025 | Owen Kratz | 800,000 | 3,838,519 | 0 | 420,000 | 5,067,269 |
| 8 | Landstar System, Inc. | 2025 | Frank Lonegro | 800,000 | 3,473,049 | 0 | 210,000 | 4,574,887 |
| 9 | International Seaways, Inc. | 2025 | Lois Zabrocky | 800,000 | 2,618,159 | 0 | 1,037,000 | 4,505,569 |
| 10 | Genco Shipping & Trading Limited | 2025 | John Wobensmith | 725,000 | 2,065,433 | 0 | 1,124,000 | 3,965,933 |
| 11 | World Kinect Corporation | 2025 | Ira Birns | 700,000 | 2,250,038 | 0 | 371,747 | 3,359,625 |
| — | 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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| International Seaways, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Ardmore Shipping Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Bristow Group Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| DHT Holdings, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Dorian LPG Ltd. | not disclosed | not disclosed | not disclosed | not disclosed |
| Excelerate Energy, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | FW Cook |
| Genco Shipping & Trading Limited | not disclosed | PRSU 60 · RSU 40 | not disclosed | Frederic W. Cook & Co., Inc. |
| Genesis Energy, LP | not disclosed | not disclosed | not disclosed | not disclosed |
| Helix Energy Solutions Group, Inc. | 35% | PSU 50 · RSU 50 | Yes — TSR relative to performance peer group | WTW (Willis Towers Watson) |
| Kirby Corporation | not disclosed | RSU 100 | not disclosed | Meridian Compensation Partners |
| Landstar System, Inc. | not disclosed | not disclosed | not disclosed | FW Cook; Compensation Strategies, Inc. |
| Matson, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pay Governance LLC |
| Nordic American Tankers Limited | not disclosed | not disclosed | not disclosed | not disclosed |
| Scorpio Tankers Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| SFL Corporation Limited | not disclosed | not disclosed | not disclosed | not disclosed |
| Teekay Tankers Ltd. | not disclosed | not disclosed | not disclosed | not disclosed |
| Tidewater Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| World Kinect Corporation | not disclosed | PRSU 60 · RSU 40 | not disclosed | Compensation 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 year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-08 | 41,218,025 | 476,858 | 42,793 | 98.86% | Passed |
| 2025 | 2025-06-10 | 36,887,312 | 967,995 | 60,610 | 97.44% | Passed |
| 2024 | 2024-06-12 | 37,029,287 | 1,528,869 | 63,819 | 96.03% | Passed |
| 2023 | 2023-06-06 | 23,051,828 | 13,213,696 | 56,928 | 63.56% | Passed |
| 2022 | 2022-06-02 | 21,259,651 | 9,768,479 | 449,414 | 68.52% | Passed |
| 2021 | 2021-06-02 | 22,661,135 | 1,573,860 | 21,837 | 93.51% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-08 | 98.86%a |
| 2025 | 2025-06-10 | 97.44%b |
| 2024 | 2024-06-12 | 96.03%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 ↗