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