# Bruton Director Swaps Shares for International Seaways Stock Ahead of Merger

- URL: https://stocks.freetheai.org/news/bruton-director-swaps-shares-for-international-seaways-stock-ahead-of-merger-8bbe6b
- Published: 2026-10-18T21:04:00Z
- Category: mergers; sentiment: neutral; impact: low
- Symbols: [NYSE:INSW](https://stocks.freetheai.org/symbols/NYSE-INSW)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Bruton Limited director Jens Martin Jensen agreed to exchange all of his holdings in Bruton Limited for stock in International Seaways, Inc. (NYSE:INSW). The transaction uses a conversion rate of 0.0519 International Seaways, Inc. shares for each Bruton Limited share, leaving Jensen with no remaining stock in Bruton Limited.

The share swap aligns insider equity with the previously announced merger path between the two companies. By converting his entire stake into International Seaways, Inc. shares, the director consolidates his ownership position into the post-combination business entity as the deal moves forward.

Investors will look for formal confirmation of final merger terms, including official closing dates and any updates regarding regulatory or shareholder approvals. Shares of International Seaways, Inc. traded down 2.76% today at $110 USD.

## Key points

- Director Jens Martin Jensen exchanged all his Bruton Limited shares for International Seaways, Inc. stock.
- The conversion ratio was set at 0.0519 International Seaways, Inc. shares per Bruton Limited share.
- The share exchange aligns insider holdings with the proposed merger between Bruton Limited and International Seaways, Inc.
- Shares of International Seaways, Inc. closed down 2.76% at $110 USD.

## Questions and answers

### What is the exchange ratio for the Bruton and International Seaways share swap?

The exchange ratio is 0.0519 International Seaways, Inc. shares for each Bruton Limited share.

### How many Bruton shares does director Jens Martin Jensen hold after the swap?

Director Jens Martin Jensen holds zero Bruton Limited shares after exchanging his full position for International Seaways, Inc. stock.

### Why did the Bruton director exchange his shares?

The share exchange aligns the director's holdings with the previously announced merger between Bruton Limited and International Seaways, Inc.