| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GNK | Common Stock | Options Exercise | $1.44M | +133K | +33.33% | $10.81 | 532K | May 23, 2022 | Direct | |
| transaction | GNK | Common Stock | Tax liability | -$1.44M | -56.4K | -10.61% | $25.46 | 476K | May 23, 2022 | Direct | F1 |
| transaction | GNK | Common Stock | Options Exercise | $277K | +34.3K | +7.21% | $8.07 | 510K | May 23, 2022 | Direct | |
| transaction | GNK | Common Stock | Tax liability | -$277K | -10.9K | -2.13% | $25.46 | 499K | May 23, 2022 | Direct | F2 |
| transaction | GNK | Common Stock | Sale | -$2.51M | -100K | -20.04% | $25.14 | 399K | May 23, 2022 | Direct | F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GNK | Option | Options Exercise | $0 | -34.3K | -25.39% | $0.00 | 101K | May 23, 2022 | Common Stock | 34.3K | $8.07 | Direct | F11 |
| transaction | GNK | Option | Options Exercise | $0 | -133K | -100% | $0.00* | 0 | May 23, 2022 | Common Stock | 133K | $10.81 | Direct | F12 |
| holding | GNK | Restricted Stock Units | 71.6K | May 23, 2022 | Common Stock | 71.6K | Direct | F5, F6 | ||||||
| holding | GNK | Restricted Stock Units | 40.4K | May 23, 2022 | Common Stock | 40.4K | Direct | F5, F7 | ||||||
| holding | GNK | Option | 69.3K | May 23, 2022 | Common Stock | 69.3K | $9.91 | Direct | F8 | |||||
| holding | GNK | Restricted Stock Units | 28.3K | May 23, 2022 | Common Stock | 28.3K | Direct | F5, F9 | ||||||
| holding | GNK | Option | 169K | May 23, 2022 | Common Stock | 169K | $7.06 | Direct | F10 |
| Id | Content |
|---|---|
| F1 | Represents shares withheld by the issuer for the cashless exercise of options for 133,000 shares of the issuer's common stock. |
| F2 | Represents shares withheld by the issuer for the cashless exercise of options for 34,313 shares of the issuer's common stock. |
| 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 May 23, 2022. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.45 (inclusive) on May 23, 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. |
| 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. |
| F6 | These restricted stock units generally vest in installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. |
| 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. |
| F8 | These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021. |
| 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. |
| F10 | These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020. |
| F11 | These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019. |
| F12 | These options generally became exercisable in equal installments on each of the first three anniversaries of October 15, 2016. |