James G. Dolphin - 14 Mar 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ James G. Dolphin
Issuer symbol
GNK
Transactions as of
14 Mar 2023
Transactions value $
$0
Form type
4
Filing time
16 Mar 2023, 21:00:48 UTC
Previous filing
29 Nov 2022
Next filing
18 May 2023
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 +15.6 +2.97% $0.00 542 14 Mar 2023 Common Stock 15.6 Direct F1, F2, F11
transaction GNK Restricted Stock Units Award $0 +45.1 +2.97% $0.00 1.56K 14 Mar 2023 Common Stock 45.1 Direct F2, F3, F11
transaction GNK Restricted Stock Units Award $0 +645 +2.97% $0.00 22.3K 14 Mar 2023 Common Stock 645 Direct F2, F4, F11
transaction GNK Restricted Stock Units Award $0 +325 +2.97% $0.00 11.3K 14 Mar 2023 Common Stock 325 Direct F2, F5, F11
transaction GNK Restricted Stock Units Award $0 +184 +2.97% $0.00 6.38K 14 Mar 2023 Common Stock 184 Direct F2, F6, F11
transaction GNK Restricted Stock Units Award $0 +382 +2.97% $0.00 13.2K 14 Mar 2023 Common Stock 382 Direct F2, F7, F11
transaction GNK Restricted Stock Units Award $0 +503 +2.97% $0.00 17.4K 14 Mar 2023 Common Stock 503 Direct F2, F8, F11
transaction GNK Restricted Stock Units Award $0 +400 +2.97% $0.00 13.9K 14 Mar 2023 Common Stock 400 Direct F2, F9, F11
transaction GNK Restricted Stock Units Award $0 +304 +2.97% $0.00 10.5K 14 Mar 2023 Common Stock 304 Direct F2, F10, F11
* 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 vested on May 16, 2022.
F10 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2022 grant date and (ii) the date that is fourteen months after the grant date.
F11 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.