Arthur L. Regan - 08 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: 08 May 2023
Net transactions value: +$7.93
Form type: 4
Filing time: 09 May 2023, 21:00:24 UTC
Previous filing: 05 May 2023
Next filing: 18 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	$132,213	+18,727	+21%	$7.06	109,094	08 May 2023	Direct
transaction	GNK	Common Stock	Sale	$132,205	-9,423	-8.6%	$14.03	99,671	08 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	Option	Options Exercise	$0	-18,727	-100%	$0.000000^*	0	08 May 2023	Common Stock	18,727	$7.06	Direct	F4
holding	GNK	Restricted Stock Units						6,143	08 May 2023	Common Stock	6,143		Direct	F2, F3
holding	GNK	Restricted Stock Units						16,666	08 May 2023	Common Stock	16,666		Direct	F2, F5
holding	GNK	Restricted Stock Units						6,732	08 May 2023	Common Stock	6,732		Direct	F2, F6
holding	GNK	Restricted Stock Units						5,264	08 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	Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $7.06 per share for 18,727 shares of the issuer's common stock
F2	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.
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.