Form 4 - Statement of changes in beneficial ownership of securities

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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 NY 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) 11/25/2024
	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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)(2)	11/25/2024		A		13.91(13)		(2)	(2)	Common Stock	13.91	$0	606.29	D
Restricted Stock Units	(1)(3)	11/25/2024		A		40.06(13)		(3)	(3)	Common Stock	40.06	$0	1,746.78	D
Restricted Stock Units	(1)(4)	11/25/2024		A		573.63(13)		(4)	(4)	Common Stock	573.63	$0	25,010.42	D
Restricted Stock Units	(1)(5)	11/25/2024		A		289.09(13)		(5)	(5)	Common Stock	289.09	$0	12,604.25	D
Restricted Stock Units	(1)(6)	11/25/2024		A		163.7(13)		(6)	(6)	Common Stock	163.7	$0	7,137.23	D
Restricted Stock Units	(1)(7)	11/25/2024		A		339.37(13)		(7)	(7)	Common Stock	339.37	$0	14,796.74	D
Restricted Stock Units	(1)(8)	11/25/2024		A		447.16(13)		(8)	(8)	Common Stock	447.16	$0	19,496.07	D
Restricted Stock Units	(1)(9)	11/25/2024		A		355.82(13)		(9)	(9)	Common Stock	355.82	$0	15,513.86	D
Restricted Stock Units	(1)(10)	11/25/2024		A		270.23(13)		(10)	(10)	Common Stock	270.23	$0	11,782.03	D
Restricted Stock Units	(1)(11)	11/25/2024		A		374.15(13)		(11)	(11)	Common Stock	374.15	$0	16,313.04	D
Restricted Stock Units	(1)(12)	11/25/2024		A		221.24(13)		(12)	(12)	Common Stock	221.24	$0	9,645.93	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	11/27/2024
	** 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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