Joseph Adamo - 11 Aug 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
11 Aug 2022
Transactions value $
-$1,321
Form type
4
Filing time
12 Aug 2022, 20:01:47 UTC
Previous filing
10 Mar 2022
Next filing
23 Dec 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 Sale -$1,320 -75 -1.1% $17.61 6,812 11 Aug 2022 Direct F1, 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
holding GNK Restricted Stock Units 7,668 11 Aug 2022 Common Stock 7,668 Direct F3, F4
holding GNK Restricted Stock Units 1,346 11 Aug 2022 Common Stock 1,346 Direct F3, F5
holding GNK Option 1,540 11 Aug 2022 Common Stock 1,540 $9.91 Direct F6
holding GNK Restricted Stock Units 945 11 Aug 2022 Common Stock 945 Direct F3, F7
holding GNK Option 1,873 11 Aug 2022 Common Stock 1,873 $7.06 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed for tax planning purposes.
F2 Reflects the correction of an immaterial error in the balance reported in the reporting person's Form 4 filed on March 10, 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.