John C. Wobensmith - 14 Apr 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: CEO, President, and Secretary, Director
Signature: /s/ John C. Wobensmith
Issuer symbol: GNK
Transactions as of: 14 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 17 Apr 2023, 18:46:16 UTC
Previous filing: 27 Feb 2023
Next filing: 23 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GNK	Common Stock						431,024	14 Apr 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	+39,877		$0.000000	39,877	14 Apr 2023	Common Stock	39,877		Direct	F1, F2
holding	GNK	Restricted Stock Units						112,540	14 Apr 2023	Common Stock	112,540		Direct	F1, F3
holding	GNK	Restricted Stock Units						56,236	14 Apr 2023	Common Stock	56,236		Direct	F1, F4
holding	GNK	Restricted Stock Units						20,182	14 Apr 2023	Common Stock	20,182		Direct	F1, F5
holding	GNK	Option						69,284	14 Apr 2023	Common Stock	69,284	$9.91	Direct	F6
holding	GNK	Option						168,539	14 Apr 2023	Common Stock	168,539	$7.06	Direct	F7
holding	GNK	Option						16,691	14 Apr 2023	Common Stock	66,205	$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 three 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, 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 installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, 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 options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F8	These options generally became exercisable in equal installments on each of the first three anniversaries of March 4, 2019.