Genco Shipping (GNK) director receives extra RSUs in lieu of dividends

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

GENCO SHIPPING & TRADING LTD director Arthur L. Regan reported compensation-related equity activity rather than open-market trading. On May 26, 2026, Form 4 entries show additional small grants of restricted stock units (RSUs), including awards such as 134.6200, 92.5500, 125.2100, 90.4300 and 115.6700 units at a conversion price of $0.0000.

Each RSU represents the right to receive one share of common stock, or the cash value of a share, upon vesting. A footnote states that these additional RSUs were granted in lieu of cash dividends on previously outstanding RSUs, calculated using a 30‑trading‑day volume‑weighted average price. After these transactions, Regan holds 104,414 common shares directly and RSUs tied to 16,666 underlying common shares.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider REGAN ARTHUR L

Role null

Type	Security	Shares	Price	Value
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	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 8,209.28 shares (Direct, null); Common Stock — 104,414 shares (Direct, null)

Footnotes (1)

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 17, 2017. 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 shares held after: 104,414 shares Underlying shares via RSUs: 16,666 shares RSU grant: 134.6200 units +5 more

8 metrics

Common shares held after 104,414 shares Direct ownership after May 26, 2026 Form 4

Underlying shares via RSUs 16,666 shares RSUs linked to common stock, direct ownership

RSU grant 134.6200 units Restricted Stock Units awarded on May 26, 2026

RSU grant 92.5500 units Restricted Stock Units awarded on May 26, 2026

RSU grant 125.2100 units Restricted Stock Units awarded on May 26, 2026

RSU grant 90.4300 units Restricted Stock Units awarded on May 26, 2026

RSU grant 115.6700 units Restricted Stock Units awarded on May 26, 2026

RSU exercise price $0.0000 Conversion or exercise price for reported RSUs

Key Terms

Restricted Stock Units, cash dividends, 30-trading day trailing volume-weighted average price, annual shareholders meeting, +1 more

5 terms

Restricted Stock Units financial

"Each 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.

cash dividends financial

"granted in lieu of the right to receive the amount of cash dividends paid"

30-trading day trailing volume-weighted average price financial

"calculated by dividing the amount of the dividend by the 30-trading day trailing volume-weighted average price"

annual shareholders meeting financial

"generally vest on the earlier of (i) the date of the annual shareholders meeting"

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.

Compensation Committee financial

"in the sole discretion of the issuer's Compensation Committee, the value of a share"

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.

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 05:00 PM

SEC Form 4

FORM 4

UNITED 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^*

REGAN ARTHUR L

(Last)

(First)

(Middle)

C/O GENCO SHIPPING & TRADING LIMITED

299 PARK AVENUE, 12TH FLOOR

(Street)

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								104,414	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾⁽²⁾							⁽²⁾	⁽²⁾	Common Stock	16,666		16,666	D
Restricted Stock Units	⁽¹⁾⁽³⁾	05/26/2026		A		115.67⁽⁸⁾		⁽³⁾	⁽³⁾	Common Stock	115.67	$0	8,209.28	D
Restricted Stock Units	⁽¹⁾⁽⁴⁾	05/26/2026		A		90.43⁽⁸⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	90.43	$0	6,418.09	D
Restricted Stock Units	⁽¹⁾⁽⁵⁾	05/26/2026		A		125.21⁽⁸⁾		⁽⁵⁾	⁽⁵⁾	Common Stock	125.21	$0	8,886.65	D
Restricted Stock Units	⁽¹⁾⁽⁶⁾	05/26/2026		A		92.55⁽⁸⁾		⁽⁶⁾	⁽⁶⁾	Common Stock	92.55	$0	6,568.53	D
Restricted Stock Units	⁽¹⁾⁽⁷⁾	05/26/2026		A		134.62⁽⁸⁾		⁽⁷⁾	⁽⁷⁾	Common Stock	134.62	$0	9,554.27	D

Explanation of Responses:

1. 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.

2. These RSUs vested on May 17, 2017.

3. These RSUs vested on May 16, 2022.

4. These RSUs vested on May 16, 2023.

5. These RSUs vested on May 23, 2024.

6. These RSUs vested on May 20, 2025.

7. 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.

8. 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.

	/s/ Arthur L. Regan	05/28/2026
	** Signature of Reporting Person	Date
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 did GNK director Arthur L. Regan report in this Form 4 filing?

Arthur L. Regan reported additional restricted stock units as part of his equity compensation, not open-market trades. The units were granted on May 26, 2026 in connection with earlier RSU awards and dividend equivalents, and increase his stock-based exposure to GENCO SHIPPING & TRADING LTD.

How many GENCO Shipping (GNK) common shares does Arthur L. Regan now hold?

Following the reported transactions, Arthur L. Regan directly holds 104,414 shares of GENCO SHIPPING & TRADING LTD common stock. This figure reflects his direct ownership after the RSU-related updates disclosed in the Form 4, separate from his outstanding restricted stock unit awards.

What are the terms of the restricted stock units reported for GNK?

Each restricted stock unit represents the right to receive one share of GNK common stock, or the cash value of a share, when the unit vests. The RSUs reported carry a conversion or exercise price of $0.0000, consistent with typical stock-based compensation awards for directors.

Why did Arthur L. Regan receive additional RSUs instead of cash dividends from GNK?

A footnote explains that the additional RSUs were granted in lieu of cash dividends on previously outstanding RSUs. The number of new RSUs is calculated by dividing the dividend amount by the 30‑trading‑day trailing volume‑weighted average price of GENCO Shipping’s common stock on the dividend payment date.

How many underlying GNK shares are linked to Arthur L. Regan’s RSUs?

The derivative holdings summary shows RSUs linked to 16,666 underlying shares of GENCO SHIPPING & TRADING LTD common stock. These RSUs represent potential future delivery of shares or equivalent value, subject to their vesting terms and the company’s compensation committee decisions.

When do the most recent GNK RSUs for Arthur L. Regan generally vest?

One footnote states that certain RSUs generally vest on the earlier of the next annual shareholders meeting following the May 20, 2025 grant date, or 14 months after that grant date. This schedule reflects typical director compensation timing tied to annual board service periods.