0001140361-23-012146.txt : 20230316 0001140361-23-012146.hdr.sgml : 20230316 20230316210053 ACCESSION NUMBER: 0001140361-23-012146 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230314 FILED AS OF DATE: 20230316 DATE AS OF CHANGE: 20230316 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: REGAN ARTHUR L CENTRAL INDEX KEY: 0001332732 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33393 FILM NUMBER: 23740505 MAIL ADDRESS: STREET 1: C/O ARLINGTON TANKERS LTD STREET 2: THE HAYWARD BUILDING 22 BERMUDIANA ROAD CITY: HAMILTON HM 11 STATE: D0 ZIP: -- ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GENCO SHIPPING & TRADING LTD CENTRAL INDEX KEY: 0001326200 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 299 PARK AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10171 BUSINESS PHONE: (646) 443-8550 MAIL ADDRESS: STREET 1: 299 PARK AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10171 4 1 form4.xml X0306 4 2023-03-14 0001326200 GENCO SHIPPING & TRADING LTD GNK 0001332732 REGAN ARTHUR L C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 true Common Stock 84224 D Restricted Stock Units Common Stock 12286 12286 D Option 7.06 2021-02-25 2026-02-25 Common Stock 18727 18727 D Restricted Stock Units Common Stock 16666 16666 D Restricted Stock Units 2023-03-14 4 A 0 194.36 0 D Common Stock 194.36 6732.49 D Restricted Stock Units 2023-03-14 4 A 0 151.95 0 D Common Stock 151.95 5263.52 D Each restricted stock unit ("RSU") 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. These RSUs generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020. These restricted stock units vested on May 17, 2017. These RSUs vested on May 16, 2022. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2022 grant date and (ii) the date that is fourteen months after the grant date. Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date. /s/ Arthur L. Regan 2023-03-16