0000950170-24-036757.txt : 20240326 0000950170-24-036757.hdr.sgml : 20240326 20240326214029 ACCESSION NUMBER: 0000950170-24-036757 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240322 FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Norton Samuel H CENTRAL INDEX KEY: 0001616545 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 24785583 MAIL ADDRESS: STREET 1: 58 NE 44TH STREET CITY: MIAMI STATE: FL ZIP: 33133 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: OVERSEAS SHIPHOLDING GROUP INC CENTRAL INDEX KEY: 0000075208 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 132637623 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: TWO HARBOUR PLACE STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200 CITY: TAMPA STATE: FL ZIP: 33602 BUSINESS PHONE: 8132090600 MAIL ADDRESS: STREET 1: TWO HARBOUR PLACE STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200 CITY: TAMPA STATE: FL ZIP: 33602 4 1 ownership.xml 4 X0508 4 2024-03-22 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001616545 Norton Samuel H C/O OVERSEAS SHIPHOLDING GROUP, INC. 302 KNIGHTS RUN AVE, SUITE 1200 TAMPA FL 33602 true true false false President and CEO false Class A Common Stock 2024-03-22 4 M false 60028 0 A 2412416 D Class A Common Stock 2024-03-22 4 F false 23622 6.29 D 2388794 D Class A Common Stock 2024-03-22 4 M false 84729 0 A 2473523 D Class A Common Stock 2024-03-22 4 F false 33340 6.29 D 2440183 D Class A Common Stock 2024-03-22 4 M false 70528 0 A 2510711 D Class A Common Stock 2024-03-22 4 F false 27753 6.29 D 2482958 D Class A Common Stock 2024-03-22 4 M false 122871 0 A 2605829 D Class A Common Stock 2024-03-22 4 F false 48350 6.29 D 2557479 D Performance Restricted Stock Units 2024-03-22 4 A false 60752 0 A Class A Common Stock 60752 60752 D Performance Restricted Stock Units 2024-03-22 4 A false 60752 0 A Class A Common Stock 60752 60752 D Restricted Stock Units 2024-03-22 4 A false 121504 0 A Class A Common Stock 121504 121504 D Restricted Stock Units 2024-03-22 4 M false 60028 0 D Class A Common Stock 60028 0 D Restricted Stock Units 2024-03-22 4 M false 84729 0 D Class A Common Stock 84729 84729 D Restricted Stock Units 2024-03-22 4 M false 70528 0 D Class A Common Stock 141056 141056 D Restricted Stock Units 2024-03-22 4 M false 122871 0 D Class A Common Stock 122871 204785 D Represents vesting of final installment of restricted stock units granted on March 23, 2021 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to one-third of the units granted on the first, second and third anniversaries of the date of grant. Each unit represents the right to acquire one share of OSG Class A Common Stock. Represents shares of Class A Common Stock withheld by the registrant in payment of the reporting person's tax withholding liability incurred as a result of the vesting of the Restricted Stock Units and Performance Restricted Stock Units. These restricted stock units were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. These restricted stock units were granted on March 23, 2023 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. Represents vesting of an installment of restricted stock units that were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to 20% of the units granted on the first anniversary, 30% on the second anniversary and 50% on the third anniversary, respectfully, of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. Shares are held in a revocable trust in which Mr. Norton is sole trustee. These restricted stock units were granted on March 22, 2024 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest on December 31, 2026 (the end of the three-year performance period). Each unit represents the right to acquire one share of Class A Common Stock, subject to the satisfaction of the applicable performance goal. Settlement of the vested units may be in either shares of Class A Common Stock or cash, as determined by the Human Resources and Compensation Committee of the Board in its discretion. These restricted stock units were granted on March 22, 2024 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. /s/ Samuel H Norton by Deanna Marshall, Attorney-in-fact 2024-03-26