Karin Y. Orsel - May 30, 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	GNK	Restricted Stock Units	Award	$0	+134	+1.88%	$0.00	7.22K	May 30, 2024	Common Stock	134	Direct	F1, F2, F6
transaction	GNK	Restricted Stock Units	Award	$0	+104	+1.88%	$0.00	5.64K	May 30, 2024	Common Stock	104	Direct	F1, F3, F6
transaction	GNK	Restricted Stock Units	Award	$0	+145	+1.88%	$0.00	7.81K	May 30, 2024	Common Stock	145	Direct	F1, F4, F6
holding	GNK	Restricted Stock Units						5.78K	May 30, 2024	Common Stock	5.78K	Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.
F6	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.