Genco Shipping & Trading Ltd SEC Filings

Genco Shipping & Trading Limited filed an 8-K reporting adoption of a rights plan tied to a newly created Series B Preferred Stock and a related Rights Agreement dated October 1, 2025. Each Right will represent a one‑one‑thousandth interest in a Preferred Share designed to approximate the economic value and voting treatment of one share of Common Stock.

The Rights expire at 5:00 P.M. New York time on September 30, 2026 unless earlier redeemed or exchanged. The Board may redeem all Rights for US$0.001 per Right any time before expiration or before the first public announcement that any person or group becomes an Acquiring Person. The Rights Agreement contemplates treatment of Qualifying Offers and includes exhibits: the Statement of Designations of Series B Preferred Stock, the Rights Agreement with Computershare as Rights Agent, a press release dated October 1, 2025, and Inline XBRL cover data. The filing is signed by CFO Peter Allen.

Diana Shipping Inc. reports holding 6,413,151 common shares of GENCO SHIPPING & TRADING LTD, representing 14.93% of outstanding shares based on issuer data as of August 6, 2025. The reporting person acquired these shares in open-market transactions between April 23, 2025 and September 29, 2025 using working capital for an aggregate purchase price of $103,523,853.62. Diana Shipping states it has sole voting and dispositive power over all reported shares and that no part of the purchase price was borrowed for these acquisitions. The amendment updates Items 3, 5 and 7 of the original Schedule 13D filing and incorporates exhibits identifying directors and recent transactions.

John C. Wobensmith, Chairman, CEO and President of Genco Shipping & Trading Limited (GNK), reported sales of common stock on September 12, 2025 and September 15, 2025 to satisfy tax obligations from option exercises. The filing shows 20,000 shares sold on 09/12/2025 at a weighted-average price of $18.12 and 19,000 shares sold on 09/15/2025 at a weighted-average price of $18.44. Following these transactions, the reporting person beneficially owned 506,733 shares. The Form 4 also discloses outstanding restricted stock units totaling multiple tranches (aggregate amounts reported by tranche) and outstanding options exercisable into 69,284 shares with a $9.91 exercise price expiring 02/23/2027.

Genco Shipping & Trading Ltd (GNK) filed a Form 144/A reporting a proposed sale of 101,752 common shares through Jefferies LLC on 09/15/2025 with an aggregate market value of $1,833,571.04. The filer states total shares outstanding of 43,243,165, and discloses that 168,539 shares were acquired on 09/08/2025 by stock option exercise with a cashless exercise payment. The filing also lists sales by John C. Wobensmith totaling 82,752 shares across 09/08–09/12/2025 for gross proceeds of $1,493,395.10. The notice includes the required attestation that no undisclosed material adverse information is known.

Genco Shipping & Trading Limited (GNK) reported a proposed insider sale under Rule 144 for 82,752 shares of common stock to be executed on 09/12/2025 through Jefferies LLC on the NYSE. The notice shows the securities were acquired on 09/08/2025 via a stock option exercise from Genco Shipping & Trading Limited, with 168,539 shares acquired and a cashless exercise payment on 09/08/2025. The filer also reported two recent sales: 52,000 shares on 09/08/2025 for gross proceeds of $936,301.60 and 10,752 shares on 09/09/2025 for gross proceeds of $194,758.50. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.

Genco Shipping & Trading Ltd. insider Jesper Christensen exercised stock options and sold a portion of the resulting shares on September 8, 2025. Christensen exercised options with exercise prices of $7.06 and $9.91, resulting in acquisitions of 32,771 and 13,472 common shares, respectively. A total of 34,202 shares were disposed of the same day through share-withholdings for cashless exercise and open-market sales, reported at a weighted average sale price of $18.06 for certain lots. After these transactions, Christensen beneficially owns 69,363 common shares and holds outstanding restricted stock units representing 58,640 potential shares. The filing discloses that some sales were to satisfy tax obligations and that the exercises related to options scheduled to expire in February 2026 and February 2027.

John C. Wobensmith, Chairman, CEO and President of Genco Shipping & Trading Limited (GNK), reported option exercises and sales on September 8-9, 2025. He exercised options to acquire 168,539 shares at an exercise price of $7.06, increasing his beneficial ownership to 674,370 shares immediately after the exercise. To cover the cashless exercise and tax obligations, 65,885 shares were withheld and additional shares were sold.

Subsequent sales on September 8 and 9, 2025 included 65,885 shares withheld for the cashless exercise and market sales of 52,000 and 10,752 shares at weighted average prices in ranges from $18.00–$18.18, leaving final reported beneficial ownership of 545,733 shares. The filing also discloses outstanding options and restricted stock units totaling the listed amounts.

Form 144/A filed for Genco Shipping & Trading Limited (GNK) reports a proposed sale of 62,752 shares of common stock through Jefferies LLC on the NYSE with an aggregate market value of $1,133,301, targeted on 09/09/2025. The filing shows the shares were acquired on 09/08/2025 via a stock option exercise (cashless exercise) totaling 168,539 shares acquired from Genco Shipping & Trading Limited, with payment dated 09/08/2025. The filer named for a prior sale on 09/08/2025 is John C. Wobensmith, who sold 52,000 shares for gross proceeds of $936,301.60. The notice includes a signer representation that no undisclosed material adverse information exists.

Genco Shipping & Trading Ltd (GNK) Form 144 discloses a proposed sale of 14,000 common shares through Jefferies LLC on the NYSE with an aggregate market value of $249,200. The securities listed were acquired mainly by stock option exercises dated 09/08/2025 and by restricted stock unit settlements dated 02/23/2024. The filing shows no reported sales by the same person in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.