Joseph Adamo - Feb 29, 2024 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Accounting Officer
Signature
/s/ Joseph Adamo
Stock symbol
GNK
Transactions as of
Feb 29, 2024
Transactions value $
$6
Form type
4
Date filed
3/1/2024, 07:00 PM
Previous filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise $15.3K +1.54K +8.95% $9.91 18.7K Feb 29, 2024 Direct
transaction GNK Common Stock Sale -$15.3K -748 -3.99% $20.40 18K Feb 29, 2024 Direct F1
transaction GNK Common Stock Options Exercise $13.2K +1.87K +10.41% $7.06 19.9K Feb 29, 2024 Direct
transaction GNK Common Stock Sale -$13.2K -648 -3.26% $20.40 19.2K Feb 29, 2024 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 Disposed to Issuer $0 -1.54K -100% $0.00* 0 Feb 29, 2024 Common Stock 1.54K $9.91 Direct F8
transaction GNK Option Disposed to Issuer $0 -1.87K -100% $0.00* 0 Feb 29, 2024 Common Stock 1.87K $7.06 Direct F9
holding GNK Restricted Stock Units 6.88K Feb 29, 2024 Common Stock 6.88K Direct F3, F4
holding GNK Restricted Stock Units 5.11K Feb 29, 2024 Common Stock 2.56K Direct F3, F5
holding GNK Restricted Stock Units 12.9K Feb 29, 2024 Common Stock 6.43K Direct F3, F6
holding GNK Restricted Stock Units 2.56K Feb 29, 2024 Common Stock 2.56K Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the issuer for the cashless exercise of options for 1,540 shares of the issuer's common stock.
F2 Represents shares withheld by the issuer for the cashless exercise of options for 1,873 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, 2024, 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, 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 three anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F8 These options generally became exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F9 These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.