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

Role
Chief Financial Officer
Signature
/s/ Apostolos Zafolias
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
Mar 10, 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 17.1K 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 +48.2K $0.00 48.2K Dec 23, 2022 Common Stock 48.2K Direct F1, F2
holding GNK Restricted Stock Units 17.9K Dec 23, 2022 Common Stock 17.9K Direct F1, F3
holding GNK Restricted Stock Units 6.73K Dec 23, 2022 Common Stock 6.73K Direct F1, F4
holding GNK Option 11.5K Dec 23, 2022 Common Stock 11.5K $9.91 Direct F5
holding GNK Restricted Stock Units 4.72K Dec 23, 2022 Common Stock 4.72K Direct F1, F6
holding GNK Option 28.1K Dec 23, 2022 Common Stock 28.1K $7.06 Direct F7
holding GNK Option 20.3K Dec 23, 2022 Common Stock 20.3K $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 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.