0001140361-23-018730.txt : 20230417 0001140361-23-018730.hdr.sgml : 20230417 20230417184620 ACCESSION NUMBER: 0001140361-23-018730 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230414 FILED AS OF DATE: 20230417 DATE AS OF CHANGE: 20230417 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Christensen Jesper CENTRAL INDEX KEY: 0001972855 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33393 FILM NUMBER: 23825096 MAIL ADDRESS: STREET 1: GENCO SHIPPING & TRADING LIMITED STREET 2: 299 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10171 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 X0407 4 2023-04-14 0001326200 GENCO SHIPPING & TRADING LTD GNK 0001972855 Christensen Jesper C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 true Chief Commercial Officer false Common Stock 29150 D Restricted Stock Units 2023-04-14 4 A 0 18405 0 A Common Stock 18405 18405 D Restricted Stock Units Common Stock 48232 48232 D Restricted Stock Units Common Stock 24540 24540 D Restricted Stock Units Common Stock 3925 3925 D Option 9.91 2022-02-23 2027-02-23 Common Stock 13472 13472 D Option 7.06 2021-02-25 2026-02-25 Common Stock 32771 32771 D 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. 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. 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. 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. 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. These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021. These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020. /s/ Jesper Christensen 2023-04-17