Arthur L. Regan - 13 May 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Arthur L. Regan
Issuer symbol
GNK
Transactions as of
13 May 2024
Net transactions value
-$32,004
Form type
4
Filing time
13 May 2024, 20:03:22 UTC
Previous filing
10 May 2024
Next filing
24 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Sale $32,004 -1,400 -1.3% $22.86 104,414 13 May 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
holding GNK Restricted Stock Units 16,666 13 May 2024 Common Stock 16,666 Direct F2, F3
holding GNK Restricted Stock Units 7,085 13 May 2024 Common Stock 137 Direct F2, F4
holding GNK Restricted Stock Units 5,539 13 May 2024 Common Stock 107 Direct F2, F5
holding GNK Restricted Stock Units 7,670 13 May 2024 Common Stock 148 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold in order to satisfy the reporting person's tax obligations for certain restricted stock units ("RSUs") of the issuer that vested on May 9, 2024.
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 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.