WOBENSMITH JOHN C 4
4 · GENCO SHIPPING & TRADING LTD · Filed Sep 15, 2025
Insider Transaction Report
Form 4
WOBENSMITH JOHN C
DirectorChairman, CEO, and President
Transactions
- Sale
Common Stock
2025-09-12$18.12/sh−20,000$362,400→ 525,733 total - Sale
Common Stock
2025-09-15$18.44/sh−19,000$350,360→ 506,733 total
Holdings
- 13,293
Restricted Stock Units
→ Common Stock (13,293 underlying) - 40,898
Restricted Stock Units
→ Common Stock (40,898 underlying) - 51,178
Restricted Stock Units
→ Common Stock (51,178 underlying) - 67,524
Restricted Stock Units
→ Common Stock (67,524 underlying) - 25,684
Restricted Stock Units
→ Common Stock (25,684 underlying) - 69,284
Option
Exercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (69,284 underlying)
Footnotes (9)
- [F1]A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock received upon the exercise of options on September 8, 2025. The reporting person has no present intention to sell additional shares of the issuer.
- [F2]The prices reported in Column 4 are weighted average prices. The shares were sold in multiple transactions at prices ranging from $18.10 to $18.18 (inclusive) on September 12, 2025 and from $18.30 to $18.60 (inclusive) on September 15, 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.
- [F3]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.
- [F4]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.
- [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 installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F9]These options generally became exercisable in equal installments on each of the first three anniversaries of February 23, 2021.