Joseph Adamo - Mar 4, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Accounting Officer
Signature
/s/ Joseph Adamo
Stock symbol
GNK
Transactions as of
Mar 4, 2022
Transactions value $
-$4,915
Form type
4
Date filed
3/4/2022, 06:00 PM
Previous filing
Feb 25, 2022
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +596 +12.1% 5.52K Mar 4, 2022 Direct F1
transaction GNK Common Stock Sale -$4.92K -240 -4.35% $20.48 5.28K Mar 4, 2022 Direct F2

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 Options Exercise $0 -596 -100% $0.00* 0 Mar 4, 2022 Common Stock 596 Direct F1, F3, F9
holding GNK Restricted Stock Units 7.67K Mar 4, 2022 Common Stock 7.67K Direct F3, F4
holding GNK Restricted Stock Units 1.35K Mar 4, 2022 Common Stock 672 Direct F3, F5
holding GNK Option 2.31K Mar 4, 2022 Common Stock 2.31K $9.91 Direct F6
holding GNK Restricted Stock Units 945 Mar 4, 2022 Common Stock 944 Direct F3, F7
holding GNK Option 3.75K Mar 4, 2022 Common Stock 3.75K $7.06 Direct F8
holding GNK Option 1.35K Mar 4, 2022 Common Stock 1.35K $8.07 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
F2 These shares were in order to satisfy the reporting person's tax obligations for restricted stock units that settled on March 4, 2022.
F3 Each restricted stock unit 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.
F4 These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F5 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F6 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F7 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F8 These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F9 These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F10 These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.