E. Robert Hughes - May 24, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Operations Officer
Signature
/s/ Robert Hughes
Stock symbol
GNK
Transactions as of
May 24, 2022
Transactions value $
-$86,767
Form type
4
Date filed
5/25/2022, 09:00 PM
Previous filing
Mar 10, 2022
Next filing
Dec 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Sale -$86.8K -3.5K -82.51% $24.79 742 May 24, 2022 Direct F1

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
holding GNK Restricted Stock Units 12.8K May 24, 2022 Common Stock 12.8K Direct F2, F3
holding GNK Restricted Stock Units 5.61K May 24, 2022 Common Stock 5.61K Direct F2, F4
holding GNK Option 6.42K May 24, 2022 Common Stock 6.42K $9.91 Direct F5
holding GNK Restricted Stock Units 3.94K May 24, 2022 Common Stock 3.94K Direct F2, F6
holding GNK Option 7.8K May 24, 2022 Common Stock 7.8K $7.06 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.85 to $24.70 (inclusive) on May 24, 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.
F2 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.
F3 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.
F4 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.
F5 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F6 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.
F7 These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.