Jesper Christensen - 18 Feb 2025 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Commercial Officer
Signature
/s/ Jesper Christensen
Issuer symbol
GNK
Transactions as of
18 Feb 2025
Net transactions value
$0
Form type
4
Filing time
20 Feb 2025, 21:00:29 UTC
Previous filing
23 Feb 2024
Next filing
25 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 42,587 18 Feb 2025 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 +30,303 $0.000000 30,303 18 Feb 2025 Common Stock 30,303 Direct F1, F2
holding GNK Restricted Stock Units 19,263 18 Feb 2025 Common Stock 19,263 Direct F1, F3
holding GNK Restricted Stock Units 12,270 18 Feb 2025 Common Stock 12,270 Direct F1, F4
holding GNK Restricted Stock Units 38,586 18 Feb 2025 Common Stock 38,586 Direct F1, F5
holding GNK Restricted Stock Units 18,405 18 Feb 2025 Common Stock 18,405 Direct F1, F6
holding GNK Option 13,472 18 Feb 2025 Common Stock 13,472 $9.91 Direct F7
holding GNK Option 32,771 18 Feb 2025 Common Stock 32,771 $7.06 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2025, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F3 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.
F4 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.
F5 These restricted stock units generally vest in equal installments on each of the first five 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 five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F7 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F8 These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.