Karin Y. Orsel - 23 May 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Karin Y Orsel
Issuer symbol
GNK
Transactions as of
23 May 2024
Net transactions value
$0
Form type
4
Filing time
24 May 2024, 19:00:42 UTC
Previous filing
15 Mar 2024
Next filing
31 May 2024
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 +5,776 $0.000000 5,776 23 May 2024 Common Stock 5,776 Direct F1, F5
holding GNK Restricted Stock Units 7,085 23 May 2024 Common Stock 7,085 Direct F1, F2
holding GNK Restricted Stock Units 5,539 23 May 2024 Common Stock 5,539 Direct F1, F3
holding GNK Restricted Stock Units 7,670 23 May 2024 Common Stock 7,670 Direct F1, F4
* 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 16, 2022.
F3 These RSUs vested on May 16, 2023.
F4 These RSUs vested on May 23, 2024.
F5 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 23, 2024 grant date and (ii) the date that is fourteen months after the grant date.