Basil G. Mavroleon - May 25, 2021 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Director
Signature: /s/ Basil G. Mavroleon
Stock symbol: GNK
Transactions as of: May 25, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/26/2021, 09:30 PM
Previous filing: May 14, 2021
Next filing: Aug 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GNK	Common Stock						739	May 25, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GNK	Restricted Stock Units	Award	$0	+4.15	+0.32%	$0.00	1.29K	May 25, 2021	Common Stock	4.15		Direct	F1, F2, F9
transaction	GNK	Restricted Stock Units	Award	$0	+59.4	+0.32%	$0.00	18.4K	May 25, 2021	Common Stock	59.4		Direct	F2, F3, F9
transaction	GNK	Restricted Stock Units	Award	$0	+30	+0.32%	$0.00	9.29K	May 25, 2021	Common Stock	30		Direct	F2, F4, F9
transaction	GNK	Restricted Stock Units	Award	$0	+17	+0.32%	$0.00	5.26K	May 25, 2021	Common Stock	17		Direct	F2, F5, F9
transaction	GNK	Restricted Stock Units	Award	$0	+35.2	+0.32%	$0.00	10.9K	May 25, 2021	Common Stock	35.2		Direct	F2, F6, F9
transaction	GNK	Restricted Stock Units	Award	$0	+46.3	+0.32%	$0.00	14.4K	May 25, 2021	Common Stock	46.3		Direct	F2, F7, F9
transaction	GNK	Restricted Stock Units	Award	$0	+17.9	+0.32%	$0.00	5.55K	May 25, 2021	Common Stock	17.9		Direct	F2, F8, F9
holding	GNK	Warrant						4.75K	May 25, 2021	Common Stock	510	$192.90	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These restricted stock units ("RSUs") vested on May 18, 2016.
F2	Each RSU represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the RSU vests.
F3	These RSUs vested on May 17, 2017.
F4	These RSUs vested on May 15, 2018.
F5	These RSUs vested on May 15, 2019.
F6	These RSUs vested on July 15, 2020.
F7	These RSUs vested on May 13, 2021.
F8	These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant.
F9	Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date.