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GENCO SHIPPING (GNK) director exercises RSUs and receives new restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider Das Paramita
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 9,554.27 $0.00 --
Grant/Award Restricted Stock Units 5,545 $0.00 --
Exercise Common Stock 9,554 $0.00 --
holding Restricted Stock Units -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 9,554 shares (Direct, null)
Footnotes (1)
  1. 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. 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. These RSUs vested on May 20, 2025. These RSUs vested on June 18, 2026. 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.
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
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."
annual shareholders meeting financial
"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"
An annual shareholders meeting is a yearly gathering where owners of a company review its performance, hear presentations from management, ask questions, and vote on important items such as board members, executive pay, and dividend policies. Think of it as a company town hall where votes and discussions can change leadership, strategy or payouts—outcomes that can directly affect a stock’s future performance and an investor’s rights and returns.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Das Paramita
(Last)(First)(Middle)
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
(Street)
NEW YORK NEW YORK 10171
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GENCO SHIPPING & TRADING LTD [ GNK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/18/2026M9,554A(1)9,554D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)(3) (3) (3)Common Stock6,568.536,568.53D
Restricted Stock Units(1)(2)(4)06/18/2026M9,554.27 (4) (4)Common Stock9,554.27$00D
Restricted Stock Units(2)(5)06/18/2026A5,545(5) (5) (5)Common Stock5,545$05,545D
Explanation of Responses:
1. 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.
2. 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.
3. These RSUs vested on May 20, 2025.
4. These RSUs vested on June 18, 2026.
5. 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.
/s/ Paramita Das06/23/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

Did Paramita Das buy or sell GENCO SHIPPING (GNK) shares on the market?

The filing shows no open-market buying or selling by Paramita Das. Activity consists of exercising restricted stock units into 9,554 common shares and receiving 5,545 new restricted stock units, all at a stated price of $0.0000 per unit as compensation-related events.

How many GENCO SHIPPING (GNK) shares does Paramita Das hold after these transactions?

After the reported transactions, Paramita Das directly holds 9,554 GENCO SHIPPING common shares. She also holds restricted stock units linked to 6,568.53 underlying common shares, which will settle in stock or cash according to the company’s compensation plan and vesting terms.

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.