Key facts
- This page summarizes Robert E. Hughes's Form 4 filing for GENCO SHIPPING & TRADING LTD (GNK).
- 7 reported transactions and 5 derivative rows are listed below.
- Accepted by SEC: 10 Mar 2022, 20:00.
Robert E. Hughes - 08 Mar 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)
- Reporting relationship
- Chief Operations Officer
- Issuer ticker
- GNK
- Reported as of
- 08 Mar 2022
- Net transaction value
- -$226,188
- SEC form
- 4
- Accepted by SEC
- 10 Mar 2022, 20:00:35 UTC
- Prior SEC filing
- 25 Feb 2022
- Next SEC filing
- 25 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robert E. Hughes
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Robert E. Hughes filed Form 4 for GENCO SHIPPING & TRADING LTD (GNK) on 10 Mar 2022.
Change
- Previous filing in this sequence was filed on 25 Feb 2022.
- Current net transaction value: -$226,188.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GNK
transaction
Common Stock
Options Exercise
- Transaction value
- $31,791
- Shares
- +3,208
- Change %
- +41%
- Price
- $9.91
- Shares after
- 11,001
- Date
- 08 Mar 2022
- Ownership
- Direct
GNK
transaction
Common Stock
Tax liability
- Transaction value
- $31,771
- Shares
- -1,486
- Change %
- -14%
- Price
- $21.38
- Shares after
- 9,515
- Date
- 08 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
GNK
transaction
Common Stock
Options Exercise
- Transaction value
- $55,089
- Shares
- +7,803
- Change %
- +82%
- Price
- $7.06
- Shares after
- 17,318
- Date
- 08 Mar 2022
- Ownership
- Direct
GNK
transaction
Common Stock
Tax liability
- Transaction value
- $55,075
- Shares
- -2,576
- Change %
- -15%
- Price
- $21.38
- Shares after
- 14,472
- Date
- 08 Mar 2022
- Ownership
- Direct
- Footnotes
- F2
GNK
transaction
Common Stock
Sale
- Transaction value
- $226,222
- Shares
- -10,500
- Change %
- -71%
- Price
- $21.54
- Shares after
- 4,242
- Date
- 08 Mar 2022
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GNK
transaction
Derivative
Option
Options Exercise
- Transaction value
- $0
- Shares
- -3,208
- Change %
- -33%
- Price
- $0.000000
- Shares after
- 6,415
- Date
- 08 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,208
- Exercise price
- $9.91
- Footnotes
- F8
GNK
transaction
Derivative
Option
Options Exercise
- Transaction value
- $0
- Shares
- -7,803
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 7,803
- Date
- 08 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 7,803
- Exercise price
- $7.06
- Footnotes
- F10
GNK
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 12,781
- Date
- 08 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 12,781
- Exercise price
- Footnotes
- F5, F6
GNK
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 5,606
- Date
- 08 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,803
- Exercise price
- Footnotes
- F5, F7
GNK
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 3,935
- Date
- 08 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,935
- Exercise price
- Footnotes
- F5, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 10 footnotes
Footnote F1
Represents shares withheld by the issuer for the cashless exercise of options for 3,208 shares of the issuer's common stock.
Footnote F2
Represents shares withheld by the issuer for the cashless exercise of options for 7,083 shares of the issuer's common stock.
Footnote F3
A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on March 8, 2022.
Footnote F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.45 to $21.64 (inclusive) on March 8, 2022. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F5
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.
Footnote F6
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.
Footnote F7
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.
Footnote F8
These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
Footnote F9
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.
Footnote F10
These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.