Joseph Adamo - 23 Feb 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Accounting Officer
Signature
/s/ Joseph Adamo
Issuer symbol
GNK
Transactions as of
23 Feb 2022
Transactions value $
$-12,758
Form type
4
Filing time
25 Feb 2022, 20:30:53 UTC
Previous filing
17 Sep 2021
Next filing
04 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +672 +17% 4,627 25 Feb 2022 Direct F1
transaction GNK Common Stock Options Exercise +944 +20.4% 5,571 25 Feb 2022 Direct F1
transaction GNK Common Stock Sale $-12,758 -645 -11.6% $19.78 4,926 25 Feb 2022 Direct F2

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 +7,668 $0.000000 7,668 23 Feb 2022 Common Stock 7,668 Direct F3, F4
transaction GNK Restricted Stock Units Options Exercise $0 -672 -33.3% $0.000000 1,346 25 Feb 2022 Common Stock 672 Direct F1, F3, F5
transaction GNK Restricted Stock Units Options Exercise $0 -944 -50% $0.000000 945 25 Feb 2022 Common Stock 944 Direct F1, F3, F7
holding GNK Option 2,309 23 Feb 2022 Common Stock 2,309 $9.91 Direct F6
holding GNK Option 3,746 23 Feb 2022 Common Stock 3,746 $7.06 Direct F8
holding GNK Restricted Stock Units 596 23 Feb 2022 Common Stock 596 Direct F3, F9
holding GNK Option 1,352 23 Feb 2022 Common Stock 1,352 $8.06 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
F2 These shares were in order to satisfy the reporting person's tax obligations for restricted stock units that settled on February 25, 2022.
F3 Each restricted stock unit 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.
F4 These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F5 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F6 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F7 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F8 These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F9 These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F10 These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.