Basil G. Mavroleon - Mar 17, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Director
Signature: /s/ Basil G. Mavroleon
Stock symbol: GNK
Transactions as of: Mar 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/18/2022, 07:00 PM
Previous filing: Nov 24, 2021
Next filing: May 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GNK	Common Stock						739	Mar 17, 2022	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	+43.5	+3.33%	$0.00	1.35K	Mar 17, 2022	Common Stock	43.5		Direct	F1, F2, F9
transaction	GNK	Restricted Stock Units	Award	$0	+623	+3.33%	$0.00	19.3K	Mar 17, 2022	Common Stock	623		Direct	F2, F3, F9
transaction	GNK	Restricted Stock Units	Award	$0	+314	+3.33%	$0.00	9.75K	Mar 17, 2022	Common Stock	314		Direct	F2, F4, F9
transaction	GNK	Restricted Stock Units	Award	$0	+178	+3.33%	$0.00	5.52K	Mar 17, 2022	Common Stock	178		Direct	F2, F5, F9
transaction	GNK	Restricted Stock Units	Award	$0	+369	+3.33%	$0.00	11.4K	Mar 17, 2022	Common Stock	369		Direct	F2, F6, F9
transaction	GNK	Restricted Stock Units	Award	$0	+486	+3.33%	$0.00	15.1K	Mar 17, 2022	Common Stock	486		Direct	F2, F7, F9
transaction	GNK	Restricted Stock Units	Award	$0	+188	+3.33%	$0.00	5.83K	Mar 17, 2022	Common Stock	188		Direct	F2, F8, F9

* 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.