4//SEC Filing
Christensen Jesper 4
Accession 0001140361-25-005928
CIK 0001326200other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:00 PM ET
Size
25.2 KB
Accession
0001140361-25-005928
Insider Transaction Report
Form 4
Christensen Jesper
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-02-23+6,421→ 49,008 total - Exercise/Conversion
Common Stock
2025-02-23+9,646→ 64,789 total - Exercise/Conversion
Common Stock
2025-02-23+6,135→ 70,924 total - Exercise/Conversion
Restricted Stock Units
2025-02-23−6,135→ 6,135 total→ Common Stock (6,135 underlying) - Exercise/Conversion
Common Stock
2025-02-23+6,135→ 55,143 total - Sale
Common Stock
2025-02-24$13.96/sh−13,602$189,855→ 57,322 total - Exercise/Conversion
Restricted Stock Units
2025-02-23−6,421→ 12,842 total→ Common Stock (6,421 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-23−9,646→ 28,940 total→ Common Stock (9,646 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-23−6,135→ 12,270 total→ Common Stock (6,135 underlying)
Holdings
- 30,303
Restricted Stock Units
→ Common Stock (30,303 underlying) - 32,771
Option
Exercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (32,771 underlying) - 13,472
Option
Exercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (13,472 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, 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 $14.13 (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 five 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 0001972855
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 9:00 PM ET
- Size
- 25.2 KB