Jesper Christensen - Apr 14, 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Commercial Officer
Signature
/s/ Jesper Christensen
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
Apr 7, 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 29.2K 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 +18.4K $0.00 18.4K Apr 14, 2023 Common Stock 18.4K Direct F1, F2
holding GNK Restricted Stock Units 48.2K Apr 14, 2023 Common Stock 48.2K Direct F1, F3
holding GNK Restricted Stock Units 24.5K Apr 14, 2023 Common Stock 24.5K Direct F1, F4
holding GNK Restricted Stock Units 3.93K Apr 14, 2023 Common Stock 3.93K Direct F1, F5
holding GNK Option 13.5K Apr 14, 2023 Common Stock 13.5K $9.91 Direct F6
holding GNK Option 32.8K Apr 14, 2023 Common Stock 32.8K $7.06 Direct F7
* 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 equal installments on each of the first five 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 options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.