Arthur L. Regan - 04 May 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Director
Signature: /s/ Arthur L. Regan
Issuer symbol: GNK
Transactions as of: 04 May 2023
Net transactions value: $0
Form type: 4
Filing time: 05 May 2023, 19:31:05 UTC
Previous filing: 16 Mar 2023
Next filing: 09 May 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		+6,143	+7.3%		90,367	04 May 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	-6,143	-50%	$0.000000	6,143	04 May 2023	Common Stock	12,286		Direct	F1, F2, F3
holding	GNK	Option						18,727	04 May 2023	Common Stock	18,727	$7.06	Direct	F4
holding	GNK	Restricted Stock Units						16,666	04 May 2023	Common Stock	16,666		Direct	F2, F5
holding	GNK	Restricted Stock Units						6,732	04 May 2023	Common Stock	6,732		Direct	F2, F6
holding	GNK	Restricted Stock Units						5,264	04 May 2023	Common Stock	5,264		Direct	F2, F7

* 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 ("RSUs") upon their vesting.
F2	Each 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.
F3	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.
F4	These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F5	These RSUs vested on May 17, 2017.
F6	These RSUs vested on May 16, 2022.
F7	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.