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

Role
Chief Financial Officer
Signature
/s/ Peter Allen
Issuer symbol
GNK
Transactions as of
16 Jun 2023
Net transactions value
$0
Form type
4
Filing time
16 Jun 2023, 21:01:59 UTC
Previous filing
16 Jun 2023
Next filing
23 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 27,894 16 Jun 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 +3,917 $0.000000 3,917 16 Jun 2023 Common Stock 3,917 Direct F1, F2
holding GNK Restricted Stock Units 9,969 16 Jun 2023 Common Stock 9,969 Direct F1, F2
holding GNK Restricted Stock Units 25,723 16 Jun 2023 Common Stock 25,723 Direct F1, F3
holding GNK Restricted Stock Units 5,964 16 Jun 2023 Common Stock 5,964 Direct F1, F4
holding GNK Restricted Stock Units 1,906 16 Jun 2023 Common Stock 1,906 Direct F1, F5
holding GNK Option 2,178 16 Jun 2023 Common Stock 2,178 $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.