Peter Allen - May 16, 2023 Form 3 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Financial Officer
Signature
/s/ Peter Allen
Stock symbol
GNK
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
3
Date filed
6/16/2023, 09:00 PM
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 27.9K May 16, 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
holding GNK Restricted Stock Units May 16, 2023 Common Stock 9.97K Direct F1, F6
holding GNK Restricted Stock Units May 16, 2023 Common Stock 25.7K Direct F2, F6
holding GNK Restricted Stock Units May 16, 2023 Common Stock 5.96K Direct F3, F6
holding GNK Restricted Stock Units May 16, 2023 Common Stock 1.91K Direct F4, F6
holding GNK Option May 16, 2023 Common Stock 2.18K $9.91 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2022, 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 three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F5 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F6 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.