4//SEC Filing
Hughes Robert E 4
Accession 0001140361-22-006892
CIK 0001326200other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:31 PM ET
Size
20.7 KB
Accession
0001140361-22-006892
Insider Transaction Report
Form 4
Hughes Robert E
Chief Operations Officer
Transactions
- Exercise/Conversion
Common Stock
2022-02-23+2,803→ 7,091 total - Sale
Common Stock
2022-02-23$19.73/sh−1,345$26,534→ 5,746 total - Exercise/Conversion
Common Stock
2022-02-25+3,935→ 9,681 total - Sale
Common Stock
2022-02-25$19.75/sh−1,888$37,284→ 7,793 total - Award
Restricted Stock Units
2022-02-23+12,781→ 12,781 total→ Common Stock (12,781 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-25−3,935→ 3,935 total→ Common Stock (3,935 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-23−2,803→ 5,606 total→ Common Stock (2,803 underlying)
Holdings
- 9,623
Option
Exercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (9,623 underlying) - 15,606
Option
Exercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (15,606 underlying)
Footnotes (11)
- [F1]The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
- [F10]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.
- [F11]These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
- [F2]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, 2022.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.545 to $20.4104 (inclusive) on February 25, 2022. 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.
- [F4]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, 2022.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.22 to $19.94 (inclusive) on February 25, 2022. 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.
- [F6]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 five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F8]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.
- [F9]These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001765719
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 9:31 PM ET
- Size
- 20.7 KB