Joseph Adamo - 14 Apr 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Chief Accounting Officer
Signature: /s/ Joseph Adamo
Issuer symbol: GNK
Transactions as of: 14 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 17 Apr 2023, 18:46:22 UTC
Previous filing: 27 Feb 2023
Next filing: 23 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GNK	Common Stock						10,986	14 Apr 2023	Direct

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	+7,669		$0.000000	7,669	14 Apr 2023	Common Stock	7,669		Direct	F1, F2
holding	GNK	Restricted Stock Units						19,293	14 Apr 2023	Common Stock	19,293		Direct	F1, F3
holding	GNK	Restricted Stock Units						5,112	14 Apr 2023	Common Stock	5,112		Direct	F1, F4
holding	GNK	Restricted Stock Units						673	14 Apr 2023	Common Stock	673		Direct	F1, F5
holding	GNK	Option						1,540	14 Apr 2023	Common Stock	1,540	$9.91	Direct	F6
holding	GNK	Option						1,873	14 Apr 2023	Common Stock	1,873	$7.06	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F3	These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F4	These restricted stock units generally vest in equal installments on each of the first three 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 options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.