Samuel H. Norton - Oct 16, 2023 Form 4 Insider Report for OVERSEAS SHIPHOLDING GROUP INC (OSG)

Role
President and CEO, Director
Signature
/s/ Samuel H Norton by Deanna Marshall, Attorney-in-fact
Stock symbol
OSG
Transactions as of
Oct 16, 2023
Transactions value $
-$230,577
Form type
4
Date filed
10/17/2023, 05:26 PM
Previous filing
Sep 18, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSG Class A Common Stock Sale -$116K -25K -0.98% $4.63 2.52M Oct 16, 2023 Direct F1
transaction OSG Class A Common Stock Sale -$115K -25K -0.99% $4.59 2.49M Oct 17, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions with prices ranging from $4.59 to $4.685 inclusive. The reporting person undertakes to provide to Overseas Shipholding Group, Inc., any security holder of Overseas Shipholding Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in Footnote (1) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions with prices ranging from $4.585 to $4.63 inclusive. The reporting person undertakes to provide to Overseas Shipholding Group, Inc., any security holder of Overseas Shipholding Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in Footnote (2) to this Form 4.
F3 Shares are held in a revocable trust in which Mr. Norton is sole trustee.