Home > Insider Trading > Filing (0001140361-23-009009)

Filing Details

Accession Number:: 0001140361-23-009009
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-27 21:01:45
Reporting Period:: 2023-02-23

Accepted Time:: 2023-02-27 21:01:45
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
1765719	E Robert Hughes	C/O Genco Shipping &Amp; Trading Limited 299 Park Avenue, 12Th Floor New York NY 10171	Chief Operations Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-02-23	2,556	$0.00	3,298	No	4	M	Direct
Common Stock	Acquisiton	2023-02-23	2,803	$0.00	6,101	No	4	M	Direct
Common Stock	Disposition	2023-02-23	2,572	$19.36	3,529	No	4	S	Direct
Common Stock	Acquisiton	2023-02-25	3,935	$0.00	7,464	No	4	M	Direct
Common Stock	Disposition	2023-02-27	1,888	$19.39	5,576	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2023-02-23	2,556	$0.00	2,556	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-02-23	2,803	$0.00	2,803	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-02-25	3,935	$0.00	3,935	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,225	No	4	M	Direct
2,803	No	4	M	Direct
0	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00			16,077	16,077	Direct
Common Stock	Option	$9.91	2022-02-23	2027-02-23	6,415	6,415	Direct
Common Stock	Option	$7.06	2021-02-25	2026-02-25	7,803	7,803	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	16,077	16,077	Direct
2027-02-23	6,415	6,415	Direct
2026-02-25	7,803	7,803	Direct

Footnotes

The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
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 settled in shares of the issuer's common stock on February 23, 2023.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.7308 to $19.7750 (inclusive) on February 23, 2023. 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.
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 settled in shares of the issuer's common stock on February 25, 2023.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.245 to $19.675 (inclusive) on February 27, 2023. 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.
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.
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.
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.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
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.
These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.