John C. Wobensmith - Mar 4, 2025 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
CEO, President, and Secretary, Director
Signature
/s/ John C. Wobensmith
Stock symbol
GNK
Transactions as of
Mar 4, 2025
Transactions value $
$7
Form type
4
Date filed
3/6/2025, 09:00 PM
Previous filing
Feb 25, 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 $135K +16.7K +3.35% $8.07 515K Mar 4, 2025 Direct F1
transaction GNK Common Stock Sale -$135K -9.53K -1.85% $14.12 506K Mar 4, 2025 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 Options Exercise $0 -16.7K -100% $0.00 0 Mar 4, 2025 Common Stock 16.7K $8.07 Direct F1, F11
holding GNK Restricted Stock Units 51.2K Mar 4, 2025 Common Stock 51.2K Direct F3, F4
holding GNK Restricted Stock Units 25.7K Mar 4, 2025 Common Stock 25.7K Direct F3, F5
holding GNK Restricted Stock Units 13.3K Mar 4, 2025 Common Stock 13.3K Direct F3, F6
holding GNK Restricted Stock Units 67.5K Mar 4, 2025 Common Stock 67.5K Direct F3, F7
holding GNK Restricted Stock Units 40.9K Mar 4, 2025 Common Stock 40.9K Direct F3, F8
holding GNK Option 69.3K Mar 4, 2025 Common Stock 69.3K $9.91 Direct F9
holding GNK Option 169K Mar 4, 2025 Common Stock 169K $7.06 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents exercise of stock options held by the reporting person that were scheduled to expire, if not exercised, at 5:00 p.m. New York time on March 4, 2025.
F2 Represents shares withheld by the issuer for the cashless exercise of options for 16,691 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, 2025, 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, 2024, 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 five anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F8 These restricted stock units generally vest in installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F9 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F10 These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F11 These options generally became exercisable in equal installments on each of the first three anniversaries of March 4, 2019.