4//SEC Filing
Christensen Jesper 4
Accession 0001140361-24-009324
CIK 0001326200other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 9:18 PM ET
Size
26.0 KB
Accession
0001140361-24-009324
Insider Transaction Report
Form 4
Christensen Jesper
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
2024-02-23+6,135→ 35,285 total - Exercise/Conversion
Common Stock
2024-02-23+6,135→ 51,066 total - Exercise/Conversion
Common Stock
2024-02-23+3,925→ 54,991 total - Sale
Common Stock
2024-02-23$19.80/sh−12,404$245,636→ 42,587 total - Award
Restricted Stock Units
2024-02-21+19,263→ 19,263 total→ Common Stock (19,263 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-23+6,135→ 12,270 total→ Common Stock (6,135 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-23+9,646→ 38,586 total→ Common Stock (9,646 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-23+6,135→ 18,405 total→ Common Stock (6,135 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-23+3,925→ 0 total→ Common Stock (3,925 underlying) - Exercise/Conversion
Common Stock
2024-02-23+9,646→ 44,931 total
Holdings
- 13,472
Option
Exercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (13,472 underlying) - 32,771
Option
Exercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (32,771 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 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 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 $19.38 to $19.94 (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 five 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 five 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 0001972855
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 9:18 PM ET
- Size
- 26.0 KB