SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	18 - SUBSEQUENT EVENTS On February 21, 2024, the Company’s Board of Directors awarded grants of 168,411 RSUs to certain individuals under the 2015 Plan. The awards generally vest ratably on each of the three year anniversaries of February 23, 2024. Additionally, on February 21, 2024, the Company’s Board of Directors awarded grants of 99,065 PRSUs to certain individuals for a three-year performance period ending December 31, 2026. The PRSUs, if earned, will vest during the first quarter of 2027. On February 21, 2024, the Company announced a regular quarterly dividend of $0.41 per share to be paid on or about March 13, 2024, to shareholders of record as of March 6, 2024. The aggregate amount of the dividend is expected to be approximately $17.8 million, which the Company anticipates will be funded from cash on hand at the time the payment is to be made. On February 7, 2024, the Company completed the sale of the Genco Commodus, a 2009-built Capesize vessel, to a third party for $19,500 less a 1.0% commission payable to a third party. The vessel asset for the Genco Commodus has been classified as held for sale in the Consolidated Balance Sheet as of December 31, 2023 at its estimated net realizable value. This vessel served as collateral under the $500 Million Revolver. On February 24, 2024, the Company terminated its agreements to sell the Genco Claudius and the Genco Maximus due to the buyers’ breach of the agreements’ terms. The Company continues to market these vessels for sale in what it believes are favorable market conditions that may allow it to sell the vessels at prices above those previously agreed with the former buyers. Refer to Note 4 — Vessel Acquisitions and Dispositions.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2023

18 - SUBSEQUENT EVENTS

On February 21, 2024, the Company’s Board of Directors awarded grants of 168,411 RSUs to certain individuals under the 2015 Plan. The awards generally vest ratably on each of the three year anniversaries of February 23, 2024. Additionally, on February 21, 2024, the Company’s Board of Directors awarded grants of 99,065 PRSUs to certain individuals for a three-year performance period ending December 31, 2026. The PRSUs, if earned, will vest during the first quarter of 2027.

On February 21, 2024, the Company announced a regular quarterly dividend of $0.41 per share to be paid on or about March 13, 2024, to shareholders of record as of March 6, 2024. The aggregate amount of the dividend is expected to be approximately $17.8 million, which the Company anticipates will be funded from cash on hand at the time the payment is to be made.

On February 7, 2024, the Company completed the sale of the Genco Commodus, a 2009-built Capesize vessel, to a third party for $19,500 less a 1.0% commission payable to a third party. The vessel asset for the Genco Commodus has been classified as held for sale in the Consolidated Balance Sheet as of December 31, 2023 at its estimated net realizable value. This vessel served as collateral under the $500 Million Revolver.

On February 24, 2024, the Company terminated its agreements to sell the Genco Claudius and the Genco Maximus due to the buyers’ breach of the agreements’ terms. The Company continues to market these vessels for sale in what it believes are favorable market conditions that may allow it to sell the vessels at prices above those previously agreed with the former buyers. Refer to Note 4 — Vessel Acquisitions and Dispositions.