Genco Shipping (GNK) director reports multiple RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MAVROLEON BASIL G reported acquisition or exercise transactions in this Form 4 filing.
GENCO SHIPPING & TRADING LTD director Basil G. Mavroleon reported equity compensation activity rather than open-market trading. On May 26, 2026, he recorded multiple grant-type transactions in Restricted Stock Units (RSUs), each at a stated price of $0.00 per unit as awards.
Footnotes explain that each RSU represents the right to receive one share of common stock, or its value, when the RSU vests. Various RSU series are shown as having vested between May 18, 2016 and May 20, 2025, and one grant generally vests on the earlier of the next annual shareholders meeting after the May 20, 2025 grant date or fourteen months after that date. Some additional RSUs were granted instead of cash dividends, based on the 30‑trading day trailing volume‑weighted average price on each dividend payment date. After these entries, Mavroleon directly holds 739 shares of common stock and several RSU positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
MAVROLEON BASIL G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 26.82 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 383.97 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 193.51 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 109.57 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 227.17 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 299.31 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 115.67 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 90.43 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 125.21 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 92.55 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 134.62 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,903.28 shares (Direct, null);
Common Stock — 739 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("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 RSU vests. These RSUs vested on May 18, 2016. These RSUs vested on May 17, 2017. These RSUs vested on May 15, 2018. These RSUs vested on May 15, 2019. These RSUs vested on July 15, 2020. These RSUs vested on May 13, 2021. These RSUs vested on May 16, 2022. These RSUs vested on May 16, 2023. These RSUs vested on May 23, 2024. These RSUs vested on May 20, 2025. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 20, 2025 grant date and (ii) the date that is fourteen months after the grant date. Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the 30-trading day trailing volume-weighted average price per share of the issuer's common stock on the dividend payment date.
Key Figures
Common stock held: 739 shares
Derivative transactions: 11 RSU transactions
RSU grant size example: 383.97 RSUs
+4 more
7 metrics
Common stock held
739 shares
Total shares of GNK common stock directly held after transaction
Derivative transactions
11 RSU transactions
All coded as grant/award acquisitions on May 26, 2026
RSU grant size example
383.97 RSUs
Restricted Stock Units with total 27,251.10 following the transaction
RSU grant size example
299.31 RSUs
Restricted Stock Units with total 21,242.73 following the transaction
RSU grant size example
227.17 RSUs
Restricted Stock Units with total 16,122.38 following the transaction
RSU grant in lieu of dividends
26.82 RSUs
Additional RSUs granted instead of cash dividends under RSU agreements
RSU vesting window
14 months
Alternative vesting trigger after May 20, 2025 grant date
Key Terms
Restricted Stock Units, Compensation Committee, annual shareholders meeting, fourteen months after the grant date, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the right to receive one share of the issuer's common stock"
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.
Compensation Committee financial
"in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
fourteen months after the grant date financial
"and (ii) the date that is fourteen months after the grant date"
volume-weighted average price financial
"calculated by dividing the amount of the dividend by the 30-trading day trailing volume-weighted average price per share"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
FAQ
What does the GNK Form 4 for Basil G. Mavroleon report?
The Form 4 reports director Basil G. Mavroleon receiving multiple restricted stock unit (RSU) awards on May 26, 2026. These are equity compensation grants, not open‑market share purchases or sales, and are recorded at a price of $0.00 per RSU.
How do Genco Shipping (GNK) restricted stock units work in this filing?
Each restricted stock unit (RSU) represents the right to receive one GNK common share or its value when the RSU vests. Footnotes state this right applies at vesting, at the issuer Compensation Committee’s discretion, linking RSUs directly to underlying common stock value.
When do the GNK RSUs reported for Basil G. Mavroleon vest?
Footnotes show several RSU series already vested on dates from May 18, 2016 through May 20, 2025. One RSU grant generally vests on the earlier of GNK’s next annual shareholders meeting after May 20, 2025 or fourteen months after that grant date.
What are dividend-equivalent RSUs in the GNK Form 4 filing?
Some RSUs were granted in lieu of cash dividends on underlying RSUs. The number of additional RSUs equals the cash dividend amount divided by the 30‑trading day trailing volume‑weighted average price of GNK common stock on each dividend payment date, according to the footnotes.
How many derivative transactions are reported in the GNK Form 4?
The transaction summary shows 11 derivative transactions, all classified as acquisitions of RSUs with code “A” (grant, award, or other acquisition). There are no open‑market buys or sells indicated; the activity is entirely equity compensation related.