KATHLEEN C. HAINES - 23 Aug 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 Aug 2023
Transactions value $
$0
Form type
4
Filing time
25 Aug 2023, 20:01:42 UTC
Previous filing
25 May 2023
Next filing
01 Dec 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 +123 +1.08% $0.00 11.5K 23 Aug 2023 Common Stock 123 Direct F1, F2, F9
transaction GNK Restricted Stock Units Award $0 +69.6 +1.08% $0.00 6.52K 23 Aug 2023 Common Stock 69.6 Direct F1, F3, F9
transaction GNK Restricted Stock Units Award $0 +144 +1.08% $0.00 13.5K 23 Aug 2023 Common Stock 144 Direct F1, F4, F9
transaction GNK Restricted Stock Units Award $0 +190 +1.08% $0.00 17.8K 23 Aug 2023 Common Stock 190 Direct F1, F5, F9
transaction GNK Restricted Stock Units Award $0 +73.5 +1.08% $0.00 6.88K 23 Aug 2023 Common Stock 73.5 Direct F1, F6, F9
transaction GNK Restricted Stock Units Award $0 +57.4 +1.08% $0.00 5.38K 23 Aug 2023 Common Stock 57.4 Direct F1, F7, F9
transaction GNK Restricted Stock Units Award $0 +79.5 +1.08% $0.00 7.45K 23 Aug 2023 Common Stock 79.5 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.