0001140361-23-041344.txt : 20230825
0001140361-23-041344.hdr.sgml : 20230825
20230825190150
ACCESSION NUMBER: 0001140361-23-041344
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230823
FILED AS OF DATE: 20230825
DATE AS OF CHANGE: 20230825
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Orsel Karin Y
CENTRAL INDEX KEY: 0001853182
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33393
FILM NUMBER: 231209736
MAIL ADDRESS:
STREET 1: HOGELANDSTERWEG 14
CITY: FARMSUM
STATE: P7
ZIP: 9936 BH
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
X0508
4
2023-08-23
0001326200
GENCO SHIPPING & TRADING LTD
GNK
0001853182
Orsel Karin Y
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK
NY
10171
true
false
Restricted Stock Units
2023-08-23
4
A
0
73.47
0
A
Common Stock
73.47
6882.06
D
Restricted Stock Units
2023-08-23
4
A
0
57.44
0
A
Common Stock
57.44
5380.46
D
Restricted Stock Units
2023-08-23
4
A
0
79.54
0
A
Common Stock
79.54
7449.92
D
Each restricted stock unit ("RSU") 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 RSUs vested on May 16, 2022.
These RSUs vested on May 16, 2023.
These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2023 grant date and (ii) the date that is fourteen months after the grant date.
Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date.
/s/ Karin Y. Orsel
2023-08-25