Kathleen C. Haines - May 30, 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Kathleen C. Haines
Stock symbol
GNK
Transactions as of
May 30, 2024
Transactions value $
$0
Form type
4
Date filed
5/31/2024, 09:00 PM
Previous filing
May 24, 2024
Next filing
Aug 28, 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 +223 +1.88% $0.00 12.1K May 30, 2024 Common Stock 223 Direct F1, F2, F10
transaction GNK Restricted Stock Units Award $0 +126 +1.88% $0.00 6.84K May 30, 2024 Common Stock 126 Direct F1, F3, F10
transaction GNK Restricted Stock Units Award $0 +262 +1.88% $0.00 14.2K May 30, 2024 Common Stock 262 Direct F1, F4, F10
transaction GNK Restricted Stock Units Award $0 +345 +1.88% $0.00 18.7K May 30, 2024 Common Stock 345 Direct F1, F5, F10
transaction GNK Restricted Stock Units Award $0 +134 +1.88% $0.00 7.22K May 30, 2024 Common Stock 134 Direct F1, F6, F10
transaction GNK Restricted Stock Units Award $0 +104 +1.88% $0.00 5.64K May 30, 2024 Common Stock 104 Direct F1, F7, F10
transaction GNK Restricted Stock Units Award $0 +145 +1.88% $0.00 7.81K May 30, 2024 Common Stock 145 Direct F1, F8, F10
holding GNK Restricted Stock Units 5.78K May 30, 2024 Common Stock 5.78K Direct F1, F9
* 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 15, 2018.
F3 These RSUs vested on May 15, 2019.
F4 These RSUs vested on July 15, 2020.
F5 These RSUs vested on May 13, 2021.
F6 These RSUs vested on May 16, 2022.
F7 These RSUs vested on May 16, 2023.
F8 These RSUs vested on May 23, 2024.
F9 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.
F10 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.