---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-125573"
form_type: "8-K/A"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2024-12-04T23:59:59+00:00"
generated_at: "2026-05-29T08:43:22.919096+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# International Seaways finalizes consulting agreement with former Chairman Douglas Wheat: $500K fee, equity vesting

## Summary
- Consulting fee of $500,000 paid in two equal installments of $250,000 each.
- Wheat serves as Chairman Emeritus and independent contractor, up to 4 hours per week.
- Equity awards accelerate and vest in full as of resignation date (Nov 22, 2024).
- Non-compete: cannot provide services to oil tanker competitors during term.
- Agreement terminable by Wheat after Nov 23, 2025 (4 weeks notice).

## SEC filing metadata
- accession: 0001104659-24-125573
- form_type: 8-K/A
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2024-12-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679049/000110465924125573/0001104659-24-125573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465924125573/tm2429983d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-125573
- JSON: https://secwatch.observer/filing/0001104659-24-125573.json
- Plain text: https://secwatch.observer/filing/0001104659-24-125573.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.