James G. Dolphin - Nov 25, 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ James G. Dolphin
Stock symbol
GNK
Transactions as of
Nov 25, 2024
Transactions value $
$0
Form type
4
Date filed
11/27/2024, 06:00 PM
Previous 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 +13.9 +2.35% $0.00 606 Nov 25, 2024 Common Stock 13.9 Direct F1, F2, F13
transaction GNK Restricted Stock Units Award $0 +40.1 +2.35% $0.00 1.75K Nov 25, 2024 Common Stock 40.1 Direct F1, F3, F13
transaction GNK Restricted Stock Units Award $0 +574 +2.35% $0.00 25K Nov 25, 2024 Common Stock 574 Direct F1, F4, F13
transaction GNK Restricted Stock Units Award $0 +289 +2.35% $0.00 12.6K Nov 25, 2024 Common Stock 289 Direct F1, F5, F13
transaction GNK Restricted Stock Units Award $0 +164 +2.35% $0.00 7.14K Nov 25, 2024 Common Stock 164 Direct F1, F6, F13
transaction GNK Restricted Stock Units Award $0 +339 +2.35% $0.00 14.8K Nov 25, 2024 Common Stock 339 Direct F1, F7, F13
transaction GNK Restricted Stock Units Award $0 +447 +2.35% $0.00 19.5K Nov 25, 2024 Common Stock 447 Direct F1, F8, F13
transaction GNK Restricted Stock Units Award $0 +356 +2.35% $0.00 15.5K Nov 25, 2024 Common Stock 356 Direct F1, F9, F13
transaction GNK Restricted Stock Units Award $0 +270 +2.35% $0.00 11.8K Nov 25, 2024 Common Stock 270 Direct F1, F10, F13
transaction GNK Restricted Stock Units Award $0 +374 +2.35% $0.00 16.3K Nov 25, 2024 Common Stock 374 Direct F1, F11, F13
transaction GNK Restricted Stock Units Award $0 +221 +2.35% $0.00 9.65K Nov 25, 2024 Common Stock 221 Direct F1, F12, F13
* 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 RSU vests.
F2 These RSUs vested on July 17, 2015.
F3 These RSUs vested on May 18, 2016.
F4 These RSUs vested on May 17, 2017.
F5 These RSUs vested on May 15, 2018.
F6 These RSUs vested on May 15, 2019.
F7 These RSUs vested on July 15, 2020.
F8 These RSUs vested on May 13, 2021.
F9 These RSUs vested on May 16, 2022.
F10 These RSUs vested on May 16, 2023.
F11 These RSUs vested on May 23, 2024.
F12 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.
F13 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.