KATHLEEN C. HAINES - 23 May 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Kathleen C. Haines
Issuer symbol
GNK
Transactions as of
23 May 2023
Transactions value $
$0
Form type
4
Filing time
25 May 2023, 21:02:19 UTC
Previous filing
18 May 2023
Next filing
25 Aug 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 +127 +1.13% $0.00 11.4K 23 May 2023 Common Stock 127 Direct F1, F2, F9
transaction GNK Restricted Stock Units Award $0 +72.1 +1.13% $0.00 6.45K 23 May 2023 Common Stock 72.1 Direct F1, F3, F9
transaction GNK Restricted Stock Units Award $0 +149 +1.13% $0.00 13.4K 23 May 2023 Common Stock 149 Direct F1, F4, F9
transaction GNK Restricted Stock Units Award $0 +197 +1.13% $0.00 17.6K 23 May 2023 Common Stock 197 Direct F1, F5, F9
transaction GNK Restricted Stock Units Award $0 +76.1 +1.13% $0.00 6.81K 23 May 2023 Common Stock 76.1 Direct F1, F6, F9
transaction GNK Restricted Stock Units Award $0 +59.5 +1.13% $0.00 5.32K 23 May 2023 Common Stock 59.5 Direct F1, F7, F9
transaction GNK Restricted Stock Units Award $0 +82.4 +1.13% $0.00 7.37K 23 May 2023 Common Stock 82.4 Direct F1, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("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 15, 2018.
F3 These RSUs vested on May 15, 2019.
F4 These RSUs vested on July 15, 2020.
F5 These RSUs vested on May 13, 2021.
F6 These RSUs vested on May 16, 2022.
F7 These RSUs vested on May 16, 2023.
F8 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2023 grant date and (ii) the date that is fourteen months after the grant date.
F9 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.