Form 4 for GNK GENCO SHIPPING & TRADING LTD
Accepted 2022-02-25 00:00:00 ET · period of report 2022-02-23 · accession 0001140361-22-006890 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-25 | 2022-02-25 | GNK | Adamo Joseph | CAO | M - OptEx | — | +1,616 | 5,571 | +41% | — |
| D | 2022-02-25 | 2022-02-25 | GNK | Adamo Joseph | CAO | S - Sale+OE | $19.78 | -645 | 4,926 | -12% | -$12.8K |
| D | 2022-02-25 | 2022-02-23 | GNK | Adamo Joseph | CAO | A - Grant | $0.00 | +7,668 | 7,668 | New | $0 |
| DM | 2022-02-25 | 2022-02-25 | GNK | Adamo Joseph | CAO | M - OptEx | $0.00 | -1,616 | 1,346 | -55% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-25 | M | A | 672 | — | 4,627 | D | — | — | (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. |
| 2 | Common | Common Stock | 2022-02-25 | S | D | 645 | $19.78 | 4,926 | D | — | — | (F2) These shares were in order to satisfy the reporting person's tax obligations for restricted stock units that settled on February 25, 2022. |
| 3 | Common | Common Stock | 2022-02-25 | M | A | 944 | — | 5,571 | D | — | — | (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. |
| 4 | Derivative | Restricted Stock Units | 2022-02-23 | A | A | 7,668 | $0.00 | 7,668 | D | — · — to — | 7,668 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 five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. |
| 5 | Derivative | Restricted Stock Units | 2022-02-25 | M | D | 944 | $0.00 | 945 | D | — · — to — | 944 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. (F7) These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. |
| 6 | Derivative | Restricted Stock Units | 2022-02-25 | M | D | 672 | $0.00 | 1,346 | D | — · — to — | 672 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. (F5) 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. (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. |