| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GNK | Common Stock | Options Exercise | +13.3K | +3.08% | 444K | Feb 23, 2024 | Direct | F1 | ||
| transaction | GNK | Common Stock | Options Exercise | +22.5K | +5.07% | 467K | Feb 23, 2024 | Direct | F1 | ||
| transaction | GNK | Common Stock | Options Exercise | +15.3K | +3.29% | 482K | Feb 23, 2024 | Direct | F1 | ||
| transaction | GNK | Common Stock | Options Exercise | +20.2K | +4.19% | 502K | Feb 23, 2024 | Direct | F1 | ||
| transaction | GNK | Common Stock | Sale | -$706K | -35.7K | -7.1% | $19.80 | 467K | Feb 23, 2024 | Direct | F2, F3 |
| 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 | +38.5K | $0.00 | 38.5K | Feb 21, 2024 | Common Stock | 38.5K | Direct | F1, F4, F5 | ||
| transaction | GNK | Restricted Stock Units | Options Exercise | $0 | -13.3K | -33.33% | $0.00 | 26.6K | Feb 23, 2024 | Common Stock | 13.3K | Direct | F1, F4, F6 | |
| transaction | GNK | Restricted Stock Units | Options Exercise | $0 | -22.5K | -20% | $0.00 | 90K | Feb 23, 2024 | Common Stock | 22.5K | Direct | F1, F4, F7 | |
| transaction | GNK | Restricted Stock Units | Options Exercise | $0 | -15.3K | -27.27% | $0.00 | 40.9K | Feb 23, 2024 | Common Stock | 15.3K | Direct | F1, F4, F8 | |
| transaction | GNK | Restricted Stock Units | Options Exercise | $0 | -20.2K | -100% | $0.00* | 0 | Feb 23, 2024 | Common Stock | 20.2K | Direct | F1, F4, F9 | |
| holding | GNK | Option | 69.3K | Feb 21, 2024 | Common Stock | 69.3K | $9.91 | Direct | F10 | |||||
| holding | GNK | Option | 169K | Feb 21, 2024 | Common Stock | 169K | $7.06 | Direct | F11 | |||||
| holding | GNK | Option | 16.7K | Feb 21, 2024 | Common Stock | 66.2K | $8.07 | Direct | F12 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. |
| F2 | These shares were sold under instructions given in a previously existing plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted stock units that vested on February 23, 2024. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.38 to $19.935 (inclusive) on February 23, 2024. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| F4 | 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. |
| F5 | 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. |
| 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 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. |
| F10 | These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021. |
| F11 | These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020. |
| F12 | These options generally became exercisable in equal installments on each of the first three anniversaries of March 4, 2019. |