Kathleen C. Haines - May 16, 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Kathleen C. Haines
Stock symbol
GNK
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/18/2023, 09:01 PM
Previous filing
Mar 16, 2023
Next filing
May 25, 2023

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 +7.29K $0.00 7.29K May 16, 2023 Common Stock 7.29K Direct F1, F8
holding GNK Restricted Stock Units 11.3K May 16, 2023 Common Stock 11.3K Direct F1, F2
holding GNK Restricted Stock Units 6.38K May 16, 2023 Common Stock 6.38K Direct F1, F3
holding GNK Restricted Stock Units 13.2K May 16, 2023 Common Stock 13.2K Direct F1, F4
holding GNK Restricted Stock Units 17.4K May 16, 2023 Common Stock 17.4K Direct F1, F5
holding GNK Restricted Stock Units 6.73K May 16, 2023 Common Stock 6.73K Direct F1, F6
holding GNK Restricted Stock Units 5.26K May 16, 2023 Common Stock 5.26K Direct F1, 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 ("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 restricted stock unit vests.
F2 These RSUs vested on May 15, 2018.
F3 These RSUs vested on May 15, 2019.
F4 These RSUs vested on July 15, 2020.
F5 These RSUs vested on May 13, 2021.
F6 These RSUs vested on May 16, 2022.
F7 These RSUs vested on May 16, 2023.
F8 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2023 grant date and (ii) the date that is fourteen months after the grant date.