Karin Y. Orsel - May 23, 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Karin Y Orsel
Stock symbol
GNK
Transactions as of
May 23, 2024
Transactions value $
$0
Form type
4
Date filed
5/24/2024, 07:00 PM
Previous filing
Mar 15, 2024
Next filing
May 31, 2024

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 +5.78K $0.00 5.78K May 23, 2024 Common Stock 5.78K Direct F1, F5
holding GNK Restricted Stock Units 7.09K May 23, 2024 Common Stock 7.09K Direct F1, F2
holding GNK Restricted Stock Units 5.54K May 23, 2024 Common Stock 5.54K Direct F1, F3
holding GNK Restricted Stock Units 7.67K May 23, 2024 Common Stock 7.67K Direct F1, F4
* 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 vested on May 16, 2022.
F3 These RSUs vested on May 16, 2023.
F4 These RSUs vested on May 23, 2024.
F5 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 23, 2024 grant date and (ii) the date that is fourteen months after the grant date.