4//SEC Filing
Adamo Joseph 4
Accession 0001140361-24-009322
CIK 0001326200other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 9:17 PM ET
Size
25.8 KB
Accession
0001140361-24-009322
Insider Transaction Report
Form 4
Adamo Joseph
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2024-02-23+2,556→ 13,542 total - Exercise/Conversion
Common Stock
2024-02-23+6,431→ 19,973 total - Exercise/Conversion
Common Stock
2024-02-23+673→ 23,202 total - Disposition to Issuer
Restricted Stock Units
2024-02-23+2,556→ 2,556 total→ Common Stock (2,556 underlying) - Sale
Common Stock
2024-02-23$19.87/sh−6,000$119,245→ 17,202 total - Exercise/Conversion
Common Stock
2024-02-23+2,556→ 22,529 total - Award
Restricted Stock Units
2024-02-21+6,879→ 6,879 total→ Common Stock (6,879 underlying) - Disposition to Issuer
Restricted Stock Units
2024-02-23+6,431→ 12,862 total→ Common Stock (6,431 underlying) - Disposition to Issuer
Restricted Stock Units
2024-02-23+673→ 0 total→ Common Stock (673 underlying) - Disposition to Issuer
Restricted Stock Units
2024-02-23+2,556→ 5,113 total→ Common Stock (2,556 underlying)
Holdings
- 1,540
Option
Exercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (1,540 underlying) - 1,873
Option
Exercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (1,873 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 options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
- [F11]These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
- [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.
- [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.
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001626933
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 9:17 PM ET
- Size
- 25.8 KB