0001140361-24-009324.txt : 20240223
0001140361-24-009324.hdr.sgml : 20240223
20240223211808
ACCESSION NUMBER: 0001140361-24-009324
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: Christensen Jesper
CENTRAL INDEX KEY: 0001972855
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33393
FILM NUMBER: 24673394
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
0001972855
Christensen Jesper
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK
NY
10171
true
Chief Commercial Officer
true
Common Stock
2024-02-23
4
M
0
6135
A
35285
D
Common Stock
2024-02-23
4
M
0
9646
A
44931
D
Common Stock
2024-02-23
4
M
0
6135
A
51066
D
Common Stock
2024-02-23
4
M
0
3925
A
54991
D
Common Stock
2024-02-23
4
S
0
12404
19.803
D
42587
D
Restricted Stock Units
2024-02-21
4
A
0
19263
0
A
Common Stock
19263
19263
D
Restricted Stock Units
2024-02-23
4
M
0
6135
0
A
Common Stock
6135
12270
D
Restricted Stock Units
2024-02-23
4
M
0
9646
0
A
Common Stock
9646
38586
D
Restricted Stock Units
2024-02-23
4
M
0
6135
0
A
Common Stock
6135
18405
D
Restricted Stock Units
2024-02-23
4
M
0
3925
0
A
Common Stock
3925
0
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
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 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
2024-02-23