Joseph Adamo - 23 Feb 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Accounting Officer
Signature
/s/ Joseph Adamo
Issuer symbol
GNK
Transactions as of
23 Feb 2023
Net transactions value
$0
Form type
4
Filing time
27 Feb 2023, 20:02:00 UTC
Previous filing
23 Dec 2022
Next filing
17 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +2,556 +38% 9,368 23 Feb 2023 Direct F1
transaction GNK Common Stock Options Exercise +673 +7.2% 10,041 23 Feb 2023 Direct F1
transaction GNK Common Stock Options Exercise +945 +9.4% 10,986 25 Feb 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 -2,556 -33% $0.000000 5,112 23 Feb 2023 Common Stock 2,556 Direct F1, F2, F4
transaction GNK Restricted Stock Units Options Exercise $0 -673 -50% $0.000000 673 23 Feb 2023 Common Stock 673 Direct F1, F2, F5
transaction GNK Restricted Stock Units Options Exercise $0 -945 -100% $0.000000* 0 25 Feb 2023 Common Stock 945 Direct F1, F2, F6, F7
holding GNK Restricted Stock Units 19,293 23 Feb 2023 Common Stock 19,293 Direct F2, F3
holding GNK Option 1,540 23 Feb 2023 Common Stock 1,540 $9.91 Direct F6
holding GNK Option 1,873 23 Feb 2023 Common Stock 1,873 $7.06 Direct 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 upon their vesting.
F2 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.
F3 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2023, 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, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F5 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.
F6 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F7 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.
F8 These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.