4//SEC Filing
Christensen Jesper 4
Accession 0001140361-25-034591
CIK 0001326200other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 6:38 PM ET
Size
23.9 KB
Accession
0001140361-25-034591
Insider Transaction Report
Form 4
Christensen Jesper
Chief Commercial Officer
Transactions
- Exercise/Conversion
Option
2025-09-08−13,472→ 0 totalExercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (13,472 underlying) - Sale
Common Stock
2025-09-08$18.06/sh−14,000$252,840→ 69,363 total - Exercise/Conversion
Option
2025-09-08−32,771→ 0 totalExercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (32,771 underlying) - Exercise/Conversion
Common Stock
2025-09-08$9.91/sh+13,472$133,508→ 90,755 total - Sale
Common Stock
2025-09-08$18.06/sh−12,810$231,349→ 77,283 total - Sale
Common Stock
2025-09-08$18.06/sh−7,392$133,500→ 83,363 total - Exercise/Conversion
Common Stock
2025-09-08$7.06/sh+32,771$231,363→ 90,093 total
Holdings
- 6,421
Restricted Stock Units
→ Common Stock (6,421 underlying) - 6,135
Restricted Stock Units
→ Common Stock (6,135 underlying) - 6,135
Restricted Stock Units
→ Common Stock (6,135 underlying) - 30,303
Restricted Stock Units
→ Common Stock (30,303 underlying) - 9,646
Restricted Stock Units
→ Common Stock (9,646 underlying)
Footnotes (14)
- [F1]Represents exercise of stock options held by the reporting person that were scheduled to expire, if not exercised, at 5:00 p.m. on February 25, 2026.
- [F10]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.
- [F11]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.
- [F12]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.
- [F13]These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
- [F14]These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
- [F2]Represents shares withheld by the issuer for the cashless exercise of options for 32,771 shares of the issuer's common stock.
- [F3]Represents exercise of stock options held by the reporting person that were scheduled to expire, if not exercised, at 5:00 p.m. on February 23, 2027.
- [F4]Represents shares withheld by the issuer for the cashless exercise of options for 13,472 shares of the issuer's common stock.
- [F5]A portion of these shares was sold in order to satisfy the reporting person's tax obligations for shares of common stock received upon the exercise of options.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.97 to $18.16 (inclusive) on September 8, 2025. 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.
- [F7]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.
- [F8]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2025, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F9]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.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001972855
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 6:38 PM ET
- Size
- 23.9 KB