0001140361-22-008043.txt : 20220304 0001140361-22-008043.hdr.sgml : 20220304 20220304190016 ACCESSION NUMBER: 0001140361-22-008043 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220304 FILED AS OF DATE: 20220304 DATE AS OF CHANGE: 20220304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Adamo Joseph CENTRAL INDEX KEY: 0001626933 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33393 FILM NUMBER: 22715754 MAIL ADDRESS: STREET 1: GENCO SHIPPING & TRADING 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 FORM 4 X0306 4 2022-03-04 0001326200 GENCO SHIPPING & TRADING LTD GNK 0001626933 Adamo Joseph C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 true Chief Accounting Officer Common Stock 2022-03-04 4 M 0 596 A 5522 D Common Stock 2022-03-04 4 S 0 240 20.48 D 5282 D Restricted Stock Units Common Stock 7668 7668 D Restricted Stock Units Common Stock 672 1346 D Option 9.91 2022-02-23 2027-02-23 Common Stock 2309 2309 D Restricted Stock Units Common Stock 944 945 D Option 7.06 2021-02-25 2026-02-25 Common Stock 3746 3746 D Restricted Stock Units 2022-03-04 4 M 0 596 0 D Common Stock 596 0 D Option 8.065 2020-03-04 2025-03-04 Common Stock 1352 1352 D The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. These shares were in order to satisfy the reporting person's tax obligations for restricted stock units that settled on March 4, 2022. 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 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 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. These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020. These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, 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 March 4, 2019. /s/ Joseph Adamo 2022-03-04