0001209191-23-014186.txt : 20230301
0001209191-23-014186.hdr.sgml : 20230301
20230301165628
ACCESSION NUMBER: 0001209191-23-014186
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230227
FILED AS OF DATE: 20230301
DATE AS OF CHANGE: 20230301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Norton Samuel H
CENTRAL INDEX KEY: 0001616545
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06479
FILM NUMBER: 23694579
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]
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
2023-02-27
0
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
1
1
0
0
President and CEO
Class A Common Stock
2023-02-27
4
A
0
141770
0.00
A
2588779
D
Class A Common Stock
2023-02-27
4
F
0
35837
2.89
D
2552942
D
Performance Restricted Stock Units
0.00
2023-02-27
4
M
0
130785
0.00
D
Class A Common Stock
130785
0
D
Performance Restricted Stock Units
0.00
2023-02-27
4
M
0
130785
0.00
D
Class A Common Stock
130785
141770
D
Represents vesting of performance-based restricted stock units ("PRSU") granted on March 23, 2020, pursuant to the Overseas Shipholding Group, Inc.("OSG") 2019 Incentive Compensation Plan for Management. On February 27, 2023, the Compensation Committee certified at 108.4% 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 12/31/2022. 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).
Shares are held in a revocable trust in which Mr. Norton is the sole trustee.
Represents vesting of performance-based restricted stock units ("PRSUs") granted on March 23, 2020, pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. On February 27, 2023, the 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 12/31/2022. 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/ Samual H Norton by Deanna Marshall, Attoney-in-fact
2022-03-01