Arthur L. Regan - Feb 25, 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Arthur L. Regan
Stock symbol
GNK
Transactions as of
Feb 25, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 08:01 PM
Previous filing
Nov 29, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +9.44K +12.63% 84.2K Feb 25, 2023 Direct F1

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 Options Exercise $0 -9.44K -100% $0.00* 0 Feb 25, 2023 Common Stock 9.44K Direct F1, F2, F4
holding GNK Restricted Stock Units 12.3K Feb 25, 2023 Common Stock 12.3K Direct F2, F3
holding GNK Option 18.7K Feb 25, 2023 Common Stock 18.7K $7.06 Direct F5
holding GNK Restricted Stock Units 16.7K Feb 25, 2023 Common Stock 16.7K Direct F2, F6
holding GNK Restricted Stock Units 6.54K Feb 25, 2023 Common Stock 6.54K Direct F2, F7
holding GNK Restricted Stock Units 5.11K Feb 25, 2023 Common Stock 5.11K Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units ("RSUs") upon their vesting.
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 restricted stock unit vests.
F3 These RSUs generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F4 These RSUs 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.
F5 These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F6 These RSUs vested on May 17, 2017.
F7 These RSUs vested on May 16, 2022.
F8 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.