Paramita Das - Aug 26, 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Paramita Das
Stock symbol
GNK
Transactions as of
Aug 26, 2024
Transactions value $
$0
Form type
4
Date filed
8/28/2024, 07:00 PM
Previous filing
May 24, 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 +114 +1.98% $0.00 5.89K Aug 26, 2024 Common Stock 114 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.