Kathleen C. Haines - Aug 25, 2021 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Kathleen C. Haines
Stock symbol
GNK
Transactions as of
Aug 25, 2021
Transactions value $
$0
Form type
4
Date filed
8/27/2021, 05:31 PM
Previous filing
May 26, 2021
Next filing
Nov 24, 2021

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 +48 +0.52% $0.00 9.33K Aug 25, 2021 Common Stock 48 Direct F1, F2, F7
transaction GNK Restricted Stock Units Award $0 +27.2 +0.52% $0.00 5.29K Aug 25, 2021 Common Stock 27.2 Direct F2, F3, F7
transaction GNK Restricted Stock Units Award $0 +56.3 +0.52% $0.00 11K Aug 25, 2021 Common Stock 56.3 Direct F2, F4, F7
transaction GNK Restricted Stock Units Award $0 +74.2 +0.52% $0.00 14.4K Aug 25, 2021 Common Stock 74.2 Direct F2, F5, F7
transaction GNK Restricted Stock Units Award $0 +28.7 +0.52% $0.00 5.58K Aug 25, 2021 Common Stock 28.7 Direct F2, F6, F7
* 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 15, 2018.
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 restricted stock unit vests.
F3 These RSUs vested on May 15, 2019.
F4 These RSUs vested on July 15, 2020.
F5 These RSUs vested on May 13, 2021.
F6 These restricted stock units 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.
F7 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.