Karin Y. Orsel - 16 May 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Karin Y. Orsel
Issuer symbol
GNK
Transactions as of
16 May 2022
Transactions value $
$0
Form type
4
Filing time
18 May 2022, 17:48:54 UTC
Previous filing
18 Mar 2022
Next filing
25 May 2022
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 +4,555 $0.000000 4,555 16 May 2022 Common Stock 4,555 Direct F1, F3
holding GNK Restricted Stock Units 5,826 16 May 2022 Common Stock 5,826 Direct F1, F2
* 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 vested on May 16, 2022.
F3 These restricted stock units 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.