James G. Dolphin - 25 May 2021 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ James G. Dolphin
Issuer symbol
GNK
Transactions as of
25 May 2021
Transactions value $
$0
Form type
4
Filing time
26 May 2021, 21:31:50 UTC
Previous filing
14 May 2021
Next filing
27 Aug 2021
SEC
View on sec.gov

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 +1.44 +0.32% $0.00 447 25 May 2021 Common Stock 1.44 Direct F1, F2, F10
transaction GNK Restricted Stock Units Award $0 +4.15 +0.32% $0.00 1.29K 25 May 2021 Common Stock 4.15 Direct F2, F3, F10
transaction GNK Restricted Stock Units Award $0 +59.4 +0.32% $0.00 18.4K 25 May 2021 Common Stock 59.4 Direct F2, F4, F10
transaction GNK Restricted Stock Units Award $0 +30 +0.32% $0.00 9.29K 25 May 2021 Common Stock 30 Direct F2, F5, F10
transaction GNK Restricted Stock Units Award $0 +17 +0.32% $0.00 5.26K 25 May 2021 Common Stock 17 Direct F2, F6, F10
transaction GNK Restricted Stock Units Award $0 +35.2 +0.32% $0.00 10.9K 25 May 2021 Common Stock 35.2 Direct F2, F7, F10
transaction GNK Restricted Stock Units Award $0 +46.3 +0.32% $0.00 14.4K 25 May 2021 Common Stock 46.3 Direct F2, F8, F10
transaction GNK Restricted Stock Units Award $0 +36.9 +0.32% $0.00 11.4K 25 May 2021 Common Stock 36.9 Direct F2, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units ("RSUs") vested on July 17, 2015.
F2 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 RSU vests.
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 generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant.
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.