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
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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