Genco Shipping & Trading Ltd PRE 14A, filed Mar 22, 2021

Genco Shipping & Trading Ltd (GNK)

PRE 14A 2021-03-22 For: 2021-05-13

Added on October 21, 2026

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			By Order of the Board of Directors,

			John C. Wobensmith
			Chief Executive Officer and President
			New York, New York
			April , 2021

Name	Age	Position
John C. Wobensmith	50	Chief Executive Officer, President, and Secretary
Apostolos Zafolias	42	Chief Financial Officer and Executive Vice President, Finance
Joseph Adamo	58	Chief Accounting Officer, Treasurer, and Controller
Robert Hughes	45	Chief Operations Officer

Name and Principal Position (a)	Year (b)	Salary ($) (c)	Bonus ($)⁽¹⁾ (d)	Stock Awards ($)⁽²⁾ (e)	Option Awards ($)⁽³⁾ (f)	All Other Compensation ($) (i)	Total ($) (j)
John C. Wobensmith Chief Executive Officer and President	2020	$650,000	$540,000	$600,001⁽⁴⁾	$338,763⁽⁶⁾	$56,081⁽⁸⁾	$2,184,845
John C. Wobensmith Chief Executive Officer and President	2019	$650,000	$685,718	$500,002⁽⁵⁾	$508,108⁽⁷⁾	$39,656⁽⁹⁾	$2,383,484
Apostolos D. Zafolias Chief Financial Officer	2020	$325,000	$175,000	$99,998⁽¹⁰⁾	$56,461⁽¹²⁾	$24,899⁽⁸⁾	$681,358
Apostolos D. Zafolias Chief Financial Officer	2019	$325,000	$222,858	$74,998⁽¹¹⁾	$76,215⁽¹³⁾	$19,656⁽⁹⁾	$718,727
Robert Hughes Chief Operations Officer	2020	$240,000	$130,000	$83,336⁽¹⁴⁾	$47,050⁽¹⁵⁾	$22,800⁽⁸⁾	$523,186
Robert Hughes Chief Operations Officer	2019	$225,534	$159,051	—	—	$19,656⁽⁹⁾	$404,241
Arthur L. Regan Chairman of the Board (16)	2020	$232,692	—	$200,003⁽¹⁷⁾	$112,922⁽¹⁹⁾	$57,191⁽⁸⁾	$609,808
Arthur L. Regan Chairman of the Board (16)	2019	$325,000	—	$162,498⁽¹⁸⁾	$165,135⁽²⁰⁾	$19,656⁽⁹⁾	$672,289

	Outstanding Equity Awards at Fiscal Year End
	Option or Warrant Awards				Stock Awards
Name (a)	Number of Securities Underlying Unexercised Options or Warrants (#) Exercisable (b)	Number of Securities Underlying Unexercised Options or Warrants (#) Unexercisable (c)	Option or Warrant Exercise Price ($) (e)	Option or Warrant Expiration Date (f)	Number of Units that Have Not Vested (#)(i)	Market or Payout Value of Units That Have not Vested ($)(j)⁽¹⁾
John C. Wobensmith	—	168,539⁽²⁾	$7.06	2/25/26	84,986⁽⁶⁾	$625,497
	45,045⁽³⁾	90,090⁽³⁾	$8.065	3/4/25	39,730⁽⁷⁾	$292,413
	43,860⁽⁴⁾	21,929⁽⁴⁾	$13.365	2/27/24	6,696⁽⁸⁾	$49,283
	133,000⁽⁵⁾	—	$10.085	3/23/23	—	—
Total	221,905	280,558			131,412	$967,192

Apostolos D. Zafolias	—	28,090⁽²⁾	$7.06	2/25/26	14,164⁽⁶⁾	$104,247
	6,756⁽³⁾	13,514⁽³⁾	$8.065	3/4/25	5,960⁽⁷⁾	$43,861
	7,975⁽⁴⁾	3,987⁽⁴⁾	$13.365	2/27/24	1,218(8)	$8,960
Total	14,731	45,591	21,342	$157,067

Robert Hughes	—	23,408⁽²⁾	$7.06	2/25/26	11,804⁽⁶⁾	$86,877
Total	—	23,408			11,804	$86,877

Arthur L. Regan	—	56,180⁽²⁾	$7.06	2/25/26	28,329⁽⁶⁾	$208,501
	14,639⁽³⁾	29,280⁽³⁾	$8.065	3/4/25	12,912⁽⁷⁾	$95,032
	17,943⁽⁴⁾	8,971⁽⁴⁾	$13.365	2/27/24	2,740⁽⁸⁾	$20,166
Total	32,582	94,431			46,720	$323,700

Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights (a)	Weighted-average exercise price of outstanding options, warrants and rights (b)	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)
Equity compensation plans approved by security holders	837,338	$8.86	1,040,263
Total	837,338	$8.86	1,040,263

	Shares of Common Stock Beneficially Owned
Name and Address of Beneficial Owner⁽¹⁾	Number	Percentage
John C. Wobensmith	713,169⁽²⁾⁽⁶⁾	1.69%
Apostolos Zafolias	44,068⁽³⁾⁽⁶⁾	*
Joseph Adamo	7,002⁽⁴⁾	*
Robert Hughes	9,848⁽⁵⁾	*
James G. Dolphin	—⁽⁶⁾⁽⁷⁾	—
Kathleen C. Haines	—⁽⁷⁾⁽⁸⁾
Kevin Mahony	—	—
Basil G. Mavroleon	1,250⁽⁷⁾⁽⁹⁾	*
Karin Y. Orsel	—	*
Arthur L. Regan	104,772^(7)(10)	—
Jason Scheir	—	—
Bao D. Truong	—	—
Investment funds affiliated with Centerbridge Partners, L.P.	9,200,142⁽¹¹⁾	21.95%
Pilgrim Global ICAV	2,678,040⁽¹³⁾	6.39%
All current directors and executive officers as a group (12 persons)	880,109	2.07%