Basil G. Mavroleon - Nov 28, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Basil G. Mavroleon
Stock symbol
GNK
Transactions as of
Nov 28, 2022
Transactions value $
$0
Form type
4
Date filed
11/29/2022, 08:31 PM
Previous filing
Aug 24, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 739 Nov 28, 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 +77.5 +5.39% $0.00 1.52K Nov 28, 2022 Common Stock 77.5 Direct F1, F2, F10
transaction GNK Restricted Stock Units Award $0 +1.11K +5.39% $0.00 21.7K Nov 28, 2022 Common Stock 1.11K Direct F2, F3, F10
transaction GNK Restricted Stock Units Award $0 +559 +5.39% $0.00 10.9K Nov 28, 2022 Common Stock 559 Direct F2, F4, F10
transaction GNK Restricted Stock Units Award $0 +317 +5.39% $0.00 6.19K Nov 28, 2022 Common Stock 317 Direct F2, F5, F10
transaction GNK Restricted Stock Units Award $0 +656 +5.39% $0.00 12.8K Nov 28, 2022 Common Stock 656 Direct F2, F6, F10
transaction GNK Restricted Stock Units Award $0 +865 +5.39% $0.00 16.9K Nov 28, 2022 Common Stock 865 Direct F2, F7, F10
transaction GNK Restricted Stock Units Award $0 +334 +5.39% $0.00 6.54K Nov 28, 2022 Common Stock 334 Direct F2, F8, F10
transaction GNK Restricted Stock Units Award $0 +261 +5.39% $0.00 5.11K Nov 28, 2022 Common Stock 261 Direct F2, F9, F10
* 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 vested on May 16, 2022.
F9 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.
F10 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.