SEC Form 4 filed by Director Dolphin James G

3/20/25 9:00:22 PM ET

$GNK

Marine Transportation

Consumer Discretionary

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dolphin James G

(Last)

(First)

(Middle)

C/O GENCO SHIPPING & TRADING LIMITED

299 PARK AVENUE, 12TH FLOOR

(Street)

NEW YORK

10171

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GENCO SHIPPING & TRADING LTD [ GNK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾⁽²⁾	03/18/2025		A		13.23⁽¹³⁾		⁽²⁾	⁽²⁾	Common Stock	13.23	$0	619.52	D
Restricted Stock Units	⁽¹⁾⁽³⁾	03/18/2025		A		38.11⁽¹³⁾		⁽³⁾	⁽³⁾	Common Stock	38.11	$0	1,784.9	D
Restricted Stock Units	⁽¹⁾⁽⁴⁾	03/18/2025		A		545.68⁽¹³⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	545.68	$0	25,556.1	D
Restricted Stock Units	⁽¹⁾⁽⁵⁾	03/18/2025		A		275⁽¹³⁾		⁽⁵⁾	⁽⁵⁾	Common Stock	275	$0	12,879.25	D
Restricted Stock Units	⁽¹⁾⁽⁶⁾	03/18/2025		A		155.72⁽¹³⁾		⁽⁶⁾	⁽⁶⁾	Common Stock	155.72	$0	7,292.95	D
Restricted Stock Units	⁽¹⁾⁽⁷⁾	03/18/2025		A		322.84⁽¹³⁾		⁽⁷⁾	⁽⁷⁾	Common Stock	322.84	$0	15,119.58	D
Restricted Stock Units	⁽¹⁾⁽⁸⁾	03/18/2025		A		425.37⁽¹³⁾		⁽⁸⁾	⁽⁸⁾	Common Stock	425.37	$0	19,921.44	D
Restricted Stock Units	⁽¹⁾⁽⁹⁾	03/18/2025		A		338.48⁽¹³⁾		⁽⁹⁾	⁽⁹⁾	Common Stock	338.48	$0	15,852.34	D
Restricted Stock Units	⁽¹⁾⁽¹⁰⁾	03/18/2025		A		257.06⁽¹³⁾		⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	257.06	$0	12,039.09	D
Restricted Stock Units	⁽¹⁾⁽¹¹⁾	03/18/2025		A		355.92⁽¹³⁾		⁽¹¹⁾	⁽¹¹⁾	Common Stock	355.92	$0	16,668.96	D
Restricted Stock Units	⁽¹⁾⁽¹²⁾	03/18/2025		A		210.46⁽¹³⁾		⁽¹²⁾	⁽¹²⁾	Common Stock	210.46	$0	9,856.38	D

Explanation of Responses:

1. 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 RSU vests

2. These RSUs vested on July 17, 2015.

3. These RSUs vested on May 18, 2016.

4. These RSUs vested on May 17, 2017.

5. These RSUs vested on May 15, 2018.

6. These RSUs vested on May 15, 2019.

7. These RSUs vested on July 15, 2020.

8. These RSUs vested on May 13, 2021.

9. These RSUs vested on May 16, 2022.

10. These RSUs vested on May 16, 2023.

11. These RSUs vested on May 23, 2024.

12. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 23, 2024 grant date and (ii) the date that is fourteen months after the grant date.

13. 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/ James G. Dolphin	03/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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$GNK

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10/23/2024	$26.00 → $17.00	Buy → Hold	Stifel
1/5/2024		Buy → Neutral	BTIG Research
9/30/2022	$20.00	Buy	Stifel
8/3/2022	$29.00	Buy	Alliance Global Partners
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4/27/2022	$26.00 → $27.00	Buy	Jefferies
2/24/2022	$25.00 → $26.00	Buy	Jefferies
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SEC Form 4 filed by Director Dolphin James G

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