Jesper Christensen - Apr 2, 2023 Form 3 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Commercial Officer
Signature
/s/ Jesper Christensen
Stock symbol
GNK
Transactions as of
Apr 2, 2023
Transactions value $
$0
Form type
3
Date filed
4/7/2023, 09:00 PM
Next filing
Apr 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 29.2K Apr 2, 2023 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
holding GNK Restricted Stock Units Apr 2, 2023 Common Stock 48.2K Direct F1, F6
holding GNK Restricted Stock Units Apr 2, 2023 Common Stock 24.5K Direct F2, F6
holding GNK Restricted Stock Units Apr 2, 2023 Common Stock 3.93K Direct F3, F6
holding GNK Option Apr 2, 2023 Common Stock 13.5K $9.91 Direct F4
holding GNK Option Apr 2, 2023 Common Stock 32.8K $7.06 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F4 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F5 These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F6 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