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

Role
CEO, President, and Secretary, Director
Signature
/s/ John C. Wobensmith
Issuer symbol
GNK
Transactions as of
23 Dec 2022
Net transactions value
$0
Form type
4
Filing time
23 Dec 2022, 18:32:00 UTC
Previous filing
27 May 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 399,099 23 Dec 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 +112,540 $0.000000 112,540 23 Dec 2022 Common Stock 112,540 Direct F1, F2
holding GNK Restricted Stock Units 71,574 23 Dec 2022 Common Stock 71,574 Direct F1, F3
holding GNK Restricted Stock Units 40,364 23 Dec 2022 Common Stock 40,364 Direct F1, F4
holding GNK Option 69,284 23 Dec 2022 Common Stock 69,284 $9.91 Direct F5
holding GNK Restricted Stock Units 28,329 23 Dec 2022 Common Stock 28,329 Direct F1, F6
holding GNK Option 168,539 23 Dec 2022 Common Stock 168,539 $7.06 Direct F7
holding GNK Option 16,691 23 Dec 2022 Common Stock 66,205 $8.06 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.