Arthur L. Regan - May 8, 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Arthur L. Regan
Stock symbol
GNK
Transactions as of
May 8, 2023
Transactions value $
$8
Form type
4
Date filed
5/9/2023, 09:00 PM
Previous filing
May 5, 2023
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise $132K +18.7K +20.72% $7.06 109K May 8, 2023 Direct
transaction GNK Common Stock Sale -$132K -9.42K -8.64% $14.03 99.7K May 8, 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 -18.7K -100% $0.00* 0 May 8, 2023 Common Stock 18.7K $7.06 Direct F4
holding GNK Restricted Stock Units 6.14K May 8, 2023 Common Stock 6.14K Direct F2, F3
holding GNK Restricted Stock Units 16.7K May 8, 2023 Common Stock 16.7K Direct F2, F5
holding GNK Restricted Stock Units 6.73K May 8, 2023 Common Stock 6.73K Direct F2, F6
holding GNK Restricted Stock Units 5.26K May 8, 2023 Common Stock 5.26K 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.