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

Role
CEO, President, and Secretary, Director
Signature
/s/ John C. Wobensmith
Stock symbol
GNK
Transactions as of
Apr 14, 2023
Transactions value $
$0
Form type
4
Date filed
4/17/2023, 06:46 PM
Previous filing
Feb 27, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 431K Apr 14, 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 +39.9K $0.00 39.9K Apr 14, 2023 Common Stock 39.9K Direct F1, F2
holding GNK Restricted Stock Units 113K Apr 14, 2023 Common Stock 113K Direct F1, F3
holding GNK Restricted Stock Units 56.2K Apr 14, 2023 Common Stock 56.2K Direct F1, F4
holding GNK Restricted Stock Units 20.2K Apr 14, 2023 Common Stock 20.2K Direct F1, F5
holding GNK Option 69.3K Apr 14, 2023 Common Stock 69.3K $9.91 Direct F6
holding GNK Option 169K Apr 14, 2023 Common Stock 169K $7.06 Direct F7
holding GNK Option 16.7K Apr 14, 2023 Common Stock 66.2K $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 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.