Arthur L. Regan - May 9, 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Arthur L. Regan
Stock symbol
GNK
Transactions as of
May 9, 2024
Transactions value $
$0
Form type
4
Date filed
5/10/2024, 06:42 PM
Previous filing
Mar 15, 2024
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +6.14K +6.16% 106K May 9, 2024 Direct F1

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 Options Exercise $0 -6.14K -100% $0.00* 0 May 9, 2024 Common Stock 6.14K Direct F1, F2, F3
holding GNK Restricted Stock Units 16.7K May 9, 2024 Common Stock 16.7K Direct F2, F4
holding GNK Restricted Stock Units 7.09K May 9, 2024 Common Stock 137 Direct F2, F5
holding GNK Restricted Stock Units 5.54K May 9, 2024 Common Stock 107 Direct F2, F6
holding GNK Restricted Stock Units 7.67K May 9, 2024 Common Stock 148 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units ("RSUs") upon their vesting.
F2 Each 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.
F3 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.
F4 These RSUs vested on May 17, 2017.
F5 These RSUs vested on May 16, 2022.
F6 These RSUs vested on May 16, 2023.
F7 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.