Peter Allen - Jun 16, 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Financial Officer
Signature
/s/ Peter Allen
Stock symbol
GNK
Transactions as of
Jun 16, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 09:01 PM
Previous filing
Jun 16, 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 27.9K Jun 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
transaction GNK Restricted Stock Units Award $0 +3.92K $0.00 3.92K Jun 16, 2023 Common Stock 3.92K Direct F1, F2
holding GNK Restricted Stock Units 9.97K Jun 16, 2023 Common Stock 9.97K Direct F1, F2
holding GNK Restricted Stock Units 25.7K Jun 16, 2023 Common Stock 25.7K Direct F1, F3
holding GNK Restricted Stock Units 5.96K Jun 16, 2023 Common Stock 5.96K Direct F1, F4
holding GNK Restricted Stock Units 1.91K Jun 16, 2023 Common Stock 1.91K Direct F1, F5
holding GNK Option 2.18K Jun 16, 2023 Common Stock 2.18K $9.91 Direct F6
* 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 three 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.