Arthur L. Regan - 28 Nov 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Arthur L. Regan
Issuer symbol
GNK
Transactions as of
28 Nov 2022
Net transactions value
$0
Form type
4
Filing time
29 Nov 2022, 20:30:53 UTC
Previous filing
24 Aug 2022
Next filing
27 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 74,781 28 Nov 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 -334 -4.9% $0.000000 6,538 28 Nov 2022 Common Stock 334 Direct F1, F6, F8
transaction GNK Restricted Stock Units Award $0 -261 -4.9% $0.000000 5,112 28 Nov 2022 Common Stock 261 Direct F1, F7, F8
holding GNK Restricted Stock Units 12,286 28 Nov 2022 Common Stock 12,286 Direct F1, F2
holding GNK Restricted Stock Units 9,443 28 Nov 2022 Common Stock 9,443 Direct F1, F3
holding GNK Option 18,727 28 Nov 2022 Common Stock 18,727 $7.06 Direct F4
holding GNK Restricted Stock Units 16,666 28 Nov 2022 Common Stock 16,666 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("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 restricted stock unit vests.
F2 These RSUs generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F3 These RSUs 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.
F4 These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F5 These restricted stock units vested on May 17, 2017.
F6 These RSUs vested on May 16, 2022.
F7 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2022 grant date and (ii) the date that is fourteen months after the grant date.
F8 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.