Joseph Adamo - 29 Feb 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Accounting Officer
Signature
/s/ Joseph Adamo
Issuer symbol
GNK
Transactions as of
29 Feb 2024
Transactions value $
$6
Form type
4
Filing time
01 Mar 2024, 19:00:45 UTC
Previous filing
23 Feb 2024
Next filing
20 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise $15,261 +1,540 +9% $9.91 18,742 29 Feb 2024 Direct
transaction GNK Common Stock Sale -$15,259 -748 -4% $20.4 17,994 29 Feb 2024 Direct F1
transaction GNK Common Stock Options Exercise $13,223 +1,873 +10% $7.06 19,867 29 Feb 2024 Direct
transaction GNK Common Stock Sale -$13,219 -648 -3.3% $20.4 19,219 29 Feb 2024 Direct 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
transaction GNK Option Disposed to Issuer $0 -1,540 -100% $0* 0 29 Feb 2024 Common Stock 1,540 $9.91 Direct F8
transaction GNK Option Disposed to Issuer $0 -1,873 -100% $0* 0 29 Feb 2024 Common Stock 1,873 $7.06 Direct F9
holding GNK Restricted Stock Units 6,879 29 Feb 2024 Common Stock 6,879 Direct F3, F4
holding GNK Restricted Stock Units 5,113 29 Feb 2024 Common Stock 2,556 Direct F3, F5
holding GNK Restricted Stock Units 12,862 29 Feb 2024 Common Stock 6,431 Direct F3, F6
holding GNK Restricted Stock Units 2,556 29 Feb 2024 Common Stock 2,556 Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the issuer for the cashless exercise of options for 1,540 shares of the issuer's common stock.
F2 Represents shares withheld by the issuer for the cashless exercise of options for 1,873 shares of the issuer's common stock.
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 three anniversaries of February 23, 2024, 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, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F6 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.
F7 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.
F8 These options generally became exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F9 These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.