0001209191-22-014060.txt : 20220301
0001209191-22-014060.hdr.sgml : 20220301
20220301164434
ACCESSION NUMBER: 0001209191-22-014060
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220225
FILED AS OF DATE: 20220301
DATE AS OF CHANGE: 20220301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Trueblood Richard
CENTRAL INDEX KEY: 0001712582
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06479
FILM NUMBER: 22698943
MAIL ADDRESS:
STREET 1: 10812 BULLRUSH TERRACE
CITY: LAKEWOOD RANCH
STATE: FL
ZIP: 34202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OVERSEAS SHIPHOLDING GROUP INC
CENTRAL INDEX KEY: 0000075208
STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-25
0
0000075208
OVERSEAS SHIPHOLDING GROUP INC
OSG
0001712582
Trueblood Richard
C/O OVERSEAS SHIPHOLDING GROUP, INC.
302 KNIGHTS RUN AVE, SUITE 1200
TAMPA
FL
33602
0
1
0
0
VP & CFO
Class A Common Stock
2022-02-25
4
A
0
15492
0.00
A
144748
D
Class A Common Stock
2022-02-25
4
F
0
3773
1.92
D
140975
D
Performance Restricted Stock Units
0.00
2022-02-25
4
M
0
26712
0.00
D
Class A Common Stock
26712
0
D
Performance Restricted Stock Units
0.00
2022-02-25
4
M
0
26712
0.00
D
Class A Common Stock
26712
15492
D
Represents vesting of performance-based restricted stock units ("PRSU") granted on March 22, 2019 pursuant to the Overseas Shipholding Group, Inc.("OSG") Management Incentive Compensation Plan. On February 25, 2022 the Compensation Committee certified at 58% achievement these PRSU awards based on the Company's three-year total shareholder return ("TSR") relative to the three-year TSR of the index chosen, with the performance period ended 12/31/2021. 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 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 the PRSUs described in Footnote (1).
Represents vesting of performance-based restricted stock units ("PRSUs") granted on March 22, 2019 pursuant to the Overseas Shipholding Group, Inc. Management Incentive Compensation Plan. On February 25, 2022 the Human Resources and Compensation Committee certified these PRSU awards at 0% achievement based on the Company's cumulative return on invested capital ("ROIC") relative to the Company's budgeted ROIC for the performance period ended 12/31/2021. 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/Richard Trueblood
2022-03-01