Peter Allen - Feb 18, 2025 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Financial Officer
Signature
/s/ Peter Allen
Stock symbol
GNK
Transactions as of
Feb 18, 2025
Transactions value $
$0
Form type
4
Date filed
2/20/2025, 09:00 PM
Previous filing
Feb 23, 2024
Next filing
Feb 25, 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 35.5K Feb 18, 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 +30.3K $0.00 30.3K Feb 18, 2025 Common Stock 30.3K Direct F1, F2
holding GNK Restricted Stock Units 17.9K Feb 18, 2025 Common Stock 17.9K Direct F1, F3
holding GNK Restricted Stock Units 2.61K Feb 18, 2025 Common Stock 2.61K Direct F1, F4
holding GNK Restricted Stock Units 6.65K Feb 18, 2025 Common Stock 6.65K Direct F1, F4
holding GNK Restricted Stock Units 20.6K Feb 18, 2025 Common Stock 20.6K Direct F1, F5
holding GNK Restricted Stock Units 2.98K Feb 18, 2025 Common Stock 2.98K Direct F1, F6
holding GNK Option 2.18K Feb 18, 2025 Common Stock 2.18K $9.91 Direct F7
* 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 three 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.