GENCO director exercises RSUs, gets new GNK grant
GENCO SHIPPING & TRADING director Paramita Das reported equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
GENCO SHIPPING & TRADING director Paramita Das reported equity compensation activity. On June 18, 2026, Das exercised previously vested restricted stock units into 9,554 shares of common stock and received a new grant of 5,545 restricted stock units. Following these transactions, Das holds 9,554 common shares directly and restricted stock units tied to 6,568.53 underlying common shares, with vesting dates described in the filing. No open-market buys or sells were reported.
Insider Trade Summary
9,554.27 shares exercised/converted
Exercise
4 txns
Insider
Das Paramita
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,554.27 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5,545 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,554 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 12,113.53 contracts for 6,568.53 underlying shares (Direct);
Common Stock — 9,554 shares (Direct)
Footnotes (5)
- F1. The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units ("RSUs") upon their vesting as elected by the Reporting Person. RSUs convert into common stock on a one-for-one basis with fractional shares settled in cash.
- F2. Each 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 restricted stock unit vests.
- F3. These RSUs vested on May 20, 2025.
- F4. These RSUs vested on June 18, 2026.
- F5. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the June 18, 2026 grant date and (ii) the date that is fourteen months after the grant date.
Key Figures
Common shares held after transactions: 9,554 shares
New RSU grant: 5,545 restricted stock units
RSUs exercised: 9,554.2700 restricted stock units
+2 more
5 metrics
Common shares held after transactions
9,554 shares
Total GENCO SHIPPING common stock directly owned after June 18, 2026
New RSU grant
5,545 restricted stock units
RSUs granted on June 18, 2026 to director Paramita Das
RSUs exercised
9,554.2700 restricted stock units
RSUs converted into common stock on June 18, 2026
Remaining RSU underlying shares
6,568.5300 shares
Underlying common shares for remaining RSUs held directly
Exercise price of RSUs
$0.0000 per unit
Stated exercise/conversion price for restricted stock units
Key Terms
Restricted Stock Units, RSUs, derivative security, vested, +1 more
5 terms
Restricted Stock Units financial
"The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units ("RSUs") upon their vesting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"RSUs convert into common stock on a one-for-one basis with fractional shares settled in cash."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vested financial
"These RSUs vested on June 18, 2026."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GENCO SHIPPING (GNK) director Paramita Das report?
Director Paramita Das reported exercising restricted stock units into 9,554 GENCO SHIPPING common shares and receiving a grant of 5,545 new restricted stock units. These are equity compensation-related transactions rather than open-market purchases or sales, reflecting routine updates to her ownership position.
What restricted stock unit grants are disclosed for GENCO SHIPPING (GNK) director Paramita Das?
The filing discloses a grant of 5,545 restricted stock units on June 18, 2026, each tied to one GENCO SHIPPING common share. Footnotes explain that these units generally vest around the next annual shareholder meeting or fourteen months after the grant date, subject to plan terms.
When did Paramita Das’s GENCO SHIPPING (GNK) restricted stock units vest?
Footnotes state that certain restricted stock units vested on May 20, 2025, and others on June 18, 2026. Upon vesting, the units entitled Paramita Das to receive GENCO SHIPPING common stock, with any fractional shares settled in cash at conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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