4//SEC Filing
Allen Peter George 4
Accession 0001140361-25-005926
CIK 0001326200other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:00 PM ET
Size
27.3 KB
Accession
0001140361-25-005926
Insider Transaction Report
Form 4
Allen Peter George
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-02-23+5,962→ 41,480 total - Exercise/Conversion
Common Stock
2025-02-23+1,306→ 42,786 total - Exercise/Conversion
Common Stock
2025-02-23+5,144→ 51,253 total - Sale
Common Stock
2025-02-24$13.96/sh−8,984$125,396→ 45,251 total - Exercise/Conversion
Restricted Stock Units
2025-02-23−5,962→ 11,925 total→ Common Stock (5,962 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-23−3,323→ 3,323 total→ Common Stock (3,323 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-23−5,144→ 15,435 total→ Common Stock (5,144 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-23−2,982→ 0 total→ Common Stock (2,982 underlying) - Exercise/Conversion
Common Stock
2025-02-23+3,323→ 46,109 total - Exercise/Conversion
Common Stock
2025-02-23+2,982→ 54,235 total - Exercise/Conversion
Restricted Stock Units
2025-02-23−1,306→ 1,306 total→ Common Stock (1,306 underlying)
Holdings
- 30,303
Restricted Stock Units
→ Common Stock (30,303 underlying) - 2,178
Option
Exercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (2,178 underlying)
Footnotes (10)
- [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.
- [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, 2025.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.84 to $14.135 (inclusive) on February 24, 2025. 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, 2025, 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, 2024, 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 five anniversaries of February 23, 2023, 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, 2022, 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 0001980843
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 9:00 PM ET
- Size
- 27.3 KB