0001140361-24-009323.txt : 20240223 0001140361-24-009323.hdr.sgml : 20240223 20240223211800 ACCESSION NUMBER: 0001140361-24-009323 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240221 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Allen Peter George CENTRAL INDEX KEY: 0001980843 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33393 FILM NUMBER: 24673393 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] ORGANIZATION NAME: 01 Energy & Transportation 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 FORM 4 X0508 4 2024-02-21 0001326200 GENCO SHIPPING & TRADING LTD GNK 0001980843 Allen Peter George C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 true Chief Financial Officer true Common Stock 2024-02-23 4 M 0 1305 A 29199 D Common Stock 2024-02-23 4 M 0 3323 A 32522 D Common Stock 2024-02-23 4 M 0 5144 A 37666 D Common Stock 2024-02-23 4 M 0 2982 A 40648 D Common Stock 2024-02-23 4 M 0 1906 A 42554 D Common Stock 2024-02-23 4 S 0 7036 19.7957 D 35518 D Restricted Stock Units 2024-02-21 4 A 0 17887 0 A Common Stock 17887 17887 D Restricted Stock Units 2024-02-23 4 M 0 1305 0 D Common Stock 1305 2612 D Restricted Stock Units 2024-02-23 4 M 0 3323 0 D Common Stock 3323 6646 D Restricted Stock Units 2024-02-23 4 M 0 5144 0 D Common Stock 5144 20579 D Restricted Stock Units 2024-02-23 4 M 0 2982 0 D Common Stock 2982 2982 D Restricted Stock Units 2024-02-23 4 M 0 1906 0 D Common Stock 1906 0 D Option 9.91 2022-02-23 2027-02-23 Common Stock 2178 2178 D The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. 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, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.38 to $19.94 (inclusive) on February 23, 2024. 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. 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, 2024, 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, 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 three 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. /s/ Peter Allen 2024-02-23