James G. Dolphin - 13 Mar 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ James G. Dolphin
Issuer symbol
GNK
Transactions as of
13 Mar 2024
Net transactions value
$0
Form type
4
Filing time
15 Mar 2024, 19:00:48 UTC
Previous filing
01 Dec 2023
Next filing
24 May 2024
SEC
View on sec.gov

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 +11 +2% $0.000000 570 13 Mar 2024 Common Stock 11 Direct F1, F2, F12
transaction GNK Restricted Stock Units Award $0 +32 +2% $0.000000 1,643 13 Mar 2024 Common Stock 32 Direct F1, F3, F12
transaction GNK Restricted Stock Units Award $0 +454 +2% $0.000000 23,520 13 Mar 2024 Common Stock 454 Direct F1, F4, F12
transaction GNK Restricted Stock Units Award $0 +229 +2% $0.000000 11,853 13 Mar 2024 Common Stock 229 Direct F1, F5, F12
transaction GNK Restricted Stock Units Award $0 +130 +2% $0.000000 6,712 13 Mar 2024 Common Stock 130 Direct F1, F6, F12
transaction GNK Restricted Stock Units Award $0 +268 +2% $0.000000 13,915 13 Mar 2024 Common Stock 268 Direct F1, F7, F12
transaction GNK Restricted Stock Units Award $0 +354 +2% $0.000000 18,334 13 Mar 2024 Common Stock 354 Direct F1, F8, F12
transaction GNK Restricted Stock Units Award $0 +281 +2% $0.000000 14,589 13 Mar 2024 Common Stock 281 Direct F1, F9, F12
transaction GNK Restricted Stock Units Award $0 +214 +2% $0.000000 11,080 13 Mar 2024 Common Stock 214 Direct F1, F10, F12
transaction GNK Restricted Stock Units Award $0 +296 +2% $0.000000 15,341 13 Mar 2024 Common Stock 296 Direct F1, F11, F12
* 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 RSU vests.
F2 These RSUs vested on July 17, 2015.
F3 These RSUs vested on May 18, 2016.
F4 These RSUs vested on May 17, 2017.
F5 These RSUs vested on May 15, 2018.
F6 These RSUs vested on May 15, 2019.
F7 These RSUs vested on July 15, 2020.
F8 These RSUs vested on May 13, 2021.
F9 These RSUs vested on May 16, 2022.
F10 These RSUs vested on May 16, 2023.
F11 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.
F12 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.