John C. Wobensmith - Dec 23, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
CEO, President, and Secretary, Director
Signature
/s/ John C. Wobensmith
Stock symbol
GNK
Transactions as of
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/23/2022, 06:32 PM
Previous filing
May 27, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 399K Dec 23, 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 +113K $0.00 113K Dec 23, 2022 Common Stock 113K Direct F1, F2
holding GNK Restricted Stock Units 71.6K Dec 23, 2022 Common Stock 71.6K Direct F1, F3
holding GNK Restricted Stock Units 40.4K Dec 23, 2022 Common Stock 40.4K Direct F1, F4
holding GNK Option 69.3K Dec 23, 2022 Common Stock 69.3K $9.91 Direct F5
holding GNK Restricted Stock Units 28.3K Dec 23, 2022 Common Stock 28.3K Direct F1, F6
holding GNK Option 169K Dec 23, 2022 Common Stock 169K $7.06 Direct F7
holding GNK Option 16.7K Dec 23, 2022 Common Stock 66.2K $8.07 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F3 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.
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.
F8 These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.