Apostolos Zafolias - 23 Dec 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Financial Officer
Signature
/s/ Apostolos Zafolias
Issuer symbol
GNK
Transactions as of
23 Dec 2022
Net transactions value
$0
Form type
4
Filing time
23 Dec 2022, 18:32:05 UTC
Previous filing
10 Mar 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 17,086 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 +48,232 $0.000000 48,232 23 Dec 2022 Common Stock 48,232 Direct F1, F2
holding GNK Restricted Stock Units 17,893 23 Dec 2022 Common Stock 17,893 Direct F1, F3
holding GNK Restricted Stock Units 6,728 23 Dec 2022 Common Stock 6,728 Direct F1, F4
holding GNK Option 11,547 23 Dec 2022 Common Stock 11,547 $9.91 Direct F5
holding GNK Restricted Stock Units 4,722 23 Dec 2022 Common Stock 4,722 Direct F1, F6
holding GNK Option 28,090 23 Dec 2022 Common Stock 28,090 $7.06 Direct F7
holding GNK Option 20,270 23 Dec 2022 Common Stock 20,270 $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 equal installments on each of the first five anniversaries of February 23, 2022, 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.