Arthur L. Regan - 14 Mar 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Director
Signature: /s/ Arthur L. Regan
Issuer symbol: GNK
Transactions as of: 14 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 16 Mar 2023, 21:00:53 UTC
Previous filing: 27 Feb 2023
Next filing: 05 May 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						84,224	14 Mar 2023	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	-194	-2.8%	$0.000000	6,732	14 Mar 2023	Common Stock	194		Direct	F1, F5, F7
transaction	GNK	Restricted Stock Units	Award	$0	-152	-2.8%	$0.000000	5,264	14 Mar 2023	Common Stock	152		Direct	F1, F6, F7
holding	GNK	Restricted Stock Units						12,286	14 Mar 2023	Common Stock	12,286		Direct	F1, F2
holding	GNK	Option						18,727	14 Mar 2023	Common Stock	18,727	$7.06	Direct	F3
holding	GNK	Restricted Stock Units						16,666	14 Mar 2023	Common Stock	16,666		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("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.
F2	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.
F3	These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F4	These restricted stock units vested on May 17, 2017.
F5	These RSUs vested on May 16, 2022.
F6	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.
F7	Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date.