Arthur L. Regan - Nov 30, 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Director
Signature: /s/ Arthur L. Regan
Stock symbol: GNK
Transactions as of: Nov 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/1/2023, 08:01 PM
Previous filing: Aug 25, 2023
Next filing: Mar 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GNK	Common Stock						99.7K	Nov 30, 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	+66.5	+0.97%	$0.00	6.95K	Nov 30, 2023	Common Stock	66.5		Direct	F1, F4, F7
transaction	GNK	Restricted Stock Units	Award	$0	+52	+0.97%	$0.00	5.43K	Nov 30, 2023	Common Stock	52		Direct	F1, F5, F7
transaction	GNK	Restricted Stock Units	Award	$0	+72	+0.97%	$0.00	7.52K	Nov 30, 2023	Common Stock	72		Direct	F1, F6, F7
holding	GNK	Restricted Stock Units						6.14K	Nov 30, 2023	Common Stock	6.14K		Direct	F1, F2
holding	GNK	Restricted Stock Units						16.7K	Nov 30, 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.