Filing Details

Accession Number:
0001140361-24-009322
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-02-23 21:17:52
Reporting Period:
2024-02-21
Accepted Time:
2024-02-23 21:17:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1326200 Genco Shipping & Trading Ltd GNK Deep Sea Foreign Transportation Of Freight (4412) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1626933 Joseph Adamo C/O Genco Shipping &Amp; Trading Limited
299 Park Avenue, 12Th Floor
New York NY 10171
Chief Accounting Officer No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-02-23 2,556 $0.00 13,542 No 4 M Direct
Common Stock Acquisiton 2024-02-23 6,431 $0.00 19,973 No 4 M Direct
Common Stock Acquisiton 2024-02-23 2,556 $0.00 22,529 No 4 M Direct
Common Stock Acquisiton 2024-02-23 673 $0.00 23,202 No 4 M Direct
Common Stock Disposition 2024-02-23 6,000 $19.87 17,202 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Acquisiton 2024-02-21 6,879 $0.00 6,879 $0.00
Common Stock Restricted Stock Units Acquisiton 2024-02-23 2,556 $0.00 2,556 $0.00
Common Stock Restricted Stock Units Acquisiton 2024-02-23 6,431 $0.00 6,431 $0.00
Common Stock Restricted Stock Units Acquisiton 2024-02-23 2,556 $0.00 2,556 $0.00
Common Stock Restricted Stock Units Acquisiton 2024-02-23 673 $0.00 673 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,879 No 4 A Direct
5,113 No 4 D Direct
12,862 No 4 D Direct
2,556 No 4 D Direct
0 No 4 D Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option $9.91 2022-02-23 2027-02-23 1,540 1,540 Direct
Common Stock Option $7.06 2021-02-25 2026-02-25 1,873 1,873 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2027-02-23 1,540 1,540 Direct
2026-02-25 1,873 1,873 Direct
Footnotes
  1. The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
  2. These shares were sold in order to satisfy the reporting person's tax obligations for restricted stock units that vested on February 23, 2024.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.935 to $19.765 (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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
  11. These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.