InsiderTrades

Form 4 for GNK GENCO SHIPPING & TRADING LTD

Accepted 2024-02-23 00:00:00 ET · period of report 2024-02-21 · accession 0001140361-24-009322 · 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 2024-02-23 2024-02-23 GNK Adamo Joseph CAO M - OptEx — +12.2K 23.2K +111% —
D 2024-02-23 2024-02-23 GNK Adamo Joseph CAO S - Sale+OE $19.87 -6,000 17.2K -26% -$119.2K
DM 2024-02-23 2024-02-23 GNK Adamo Joseph CAO D - Sale to Iss $0.00 +12.2K 5,113 New $0
D 2024-02-23 2024-02-21 GNK Adamo Joseph CAO A - Grant $0.00 +6,879 6,879 New $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2024-02-23 M A 2,556 — 22,529 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 2024-02-23 M A 6,431 — 19,973 D — — (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
3 Common Common Stock 2024-02-23 M A 2,556 — 13,542 D — — (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
4 Common Common Stock 2024-02-23 M A 673 — 23,202 D — — (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
5 Common Common Stock 2024-02-23 S D 6,000 $19.87 17,202 D — — (F2) These shares were sold 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 $19.935 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.
6 Derivative Restricted Stock Units 2024-02-23 D A 2,556 $0.00 2,556 D — · — to — 2,556 Common Stock (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. (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. (F8) 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.
7 Derivative Restricted Stock Units 2024-02-23 D A 673 $0.00 0 D — · — to — 673 Common Stock (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. (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. (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.
8 Derivative Restricted Stock Units 2024-02-23 D A 6,431 $0.00 12,862 D — · — to — 6,431 Common Stock (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. (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. (F7) 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.
9 Derivative Restricted Stock Units 2024-02-23 D A 2,556 $0.00 5,113 D — · — to — 2,556 Common Stock (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. (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. (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.
10 Derivative Restricted Stock Units 2024-02-21 A A 6,879 $0.00 6,879 D — · — to — 6,879 Common Stock (F1) The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. (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, 2024, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.