BASIL G. MAVROLEON - 30 May 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Basil G. Mavroleon
Issuer symbol
GNK
Transactions as of
30 May 2024
Transactions value $
$0
Form type
4
Filing time
31 May 2024, 21:00:25 UTC
Previous filing
24 May 2024
Next filing
28 Aug 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 739 30 May 2024 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 +31 +1.88% $0.00 1.67K 30 May 2024 Common Stock 31 Direct F1, F2, F12
transaction GNK Restricted Stock Units Award $0 +443 +1.88% $0.00 24K 30 May 2024 Common Stock 443 Direct F1, F3, F12
transaction GNK Restricted Stock Units Award $0 +223 +1.88% $0.00 12.1K 30 May 2024 Common Stock 223 Direct F1, F4, F12
transaction GNK Restricted Stock Units Award $0 +126 +1.06% $0.00 12.1K 30 May 2024 Common Stock 126 Direct F1, F5, F12
transaction GNK Restricted Stock Units Award $0 +262 +1.88% $0.00 14.2K 30 May 2024 Common Stock 262 Direct F1, F6, F12
transaction GNK Restricted Stock Units Award $0 +345 +1.88% $0.00 18.7K 30 May 2024 Common Stock 345 Direct F1, F7, F12
transaction GNK Restricted Stock Units Award $0 +134 +1.88% $0.00 7.22K 30 May 2024 Common Stock 134 Direct F1, F8, F12
transaction GNK Restricted Stock Units Award $0 +104 +1.88% $0.00 5.64K 30 May 2024 Common Stock 104 Direct F1, F9, F12
transaction GNK Restricted Stock Units Award $0 +145 +1.88% $0.00 7.81K 30 May 2024 Common Stock 145 Direct F1, F10, F12
holding GNK Restricted Stock Units 5.78K 30 May 2024 Common Stock 5.78K Direct F1, F11
* 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 RSU vests.
F2 These RSUs vested on May 18, 2016.
F3 These RSUs vested on May 17, 2017.
F4 These RSUs vested on May 15, 2018.
F5 These RSUs vested on May 15, 2019.
F6 These RSUs vested on July 15, 2020.
F7 These RSUs vested on May 13, 2021.
F8 These RSUs vested on May 16, 2022.
F9 These RSUs vested on May 16, 2023.
F10 These RSUs vested on May 23, 2024.
F11 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.
F12 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.