4//SEC Filing
Hughes Robert E 4
Accession 0001140361-22-020643
CIK 0001326200other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 9:00 PM ET
Size
12.6 KB
Accession
0001140361-22-020643
Insider Transaction Report
Form 4
Hughes Robert E
Chief Operations Officer
Transactions
- Sale
Common Stock
2022-05-24$24.79/sh−3,500$86,767→ 742 total
Holdings
- 3,935
Restricted Stock Units
→ Common Stock (3,935 underlying) - 7,803
Option
Exercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (7,803 underlying) - 12,781
Restricted Stock Units
→ Common Stock (12,781 underlying) - 5,606
Restricted Stock Units
→ Common Stock (5,606 underlying) - 6,415
Option
Exercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (6,415 underlying)
Footnotes (7)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.85 to $24.70 (inclusive) on May 24, 2022. 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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
- [F6]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F7]These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001765719
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 9:00 PM ET
- Size
- 12.6 KB