Arthur L. Regan - Aug 23, 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Arthur L. Regan
Stock symbol
GNK
Transactions as of
Aug 23, 2023
Transactions value $
$0
Form type
4
Date filed
8/25/2023, 07:01 PM
Previous filing
May 25, 2023
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 99.7K Aug 23, 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 +73.5 +1.08% $0.00 6.88K Aug 23, 2023 Common Stock 73.5 Direct F1, F4, F7
transaction GNK Restricted Stock Units Award $0 +57.4 +1.08% $0.00 5.38K Aug 23, 2023 Common Stock 57.4 Direct F1, F5, F7
transaction GNK Restricted Stock Units Award $0 +79.5 +1.08% $0.00 7.45K Aug 23, 2023 Common Stock 79.5 Direct F1, F6, F7
holding GNK Restricted Stock Units 6.14K Aug 23, 2023 Common Stock 6.14K Direct F1, F2
holding GNK Restricted Stock Units 16.7K Aug 23, 2023 Common Stock 16.7K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 These RSUs vested on May 17, 2017.
F4 These RSUs vested on May 16, 2022.
F5 These RSUs vested on May 16, 2023.
F6 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2023 grant date and (ii) the date that is fourteen months after the grant date.
F7 Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date.