Board member at Genco Shipping (NYSE: GNK) awarded new RSU units

Rhea-AI Filing Summary

HAINES KATHLEEN C reported acquisition or exercise transactions in this Form 4 filing.

GENCO Shipping & Trading director Kathleen C. Haines reported multiple awards of restricted stock units (RSUs) on March 18, 2026. Each RSU represents the right to receive one share of common stock, or the cash value of a share, when it vests.

The RSUs were granted at a price of $0.00 per unit as part of director compensation, including additional RSUs issued instead of cash dividends on previously granted RSUs. Some of these RSUs have already vested on dates from May 15, 2018 through May 20, 2025, while newer RSUs generally vest on the earlier of the next annual shareholders meeting following their grant dates or July 20, 2026.

After these awards, the filing shows separate RSU grant buckets with post‑transaction balances such as 20,943.41 RSUs and 3,017.99 RSUs, indicating continuing equity-based compensation rather than any open‑market share purchases or sales.

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

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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^*

HAINES KATHLEEN C

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)(2)	03/18/2026		A		296.54(12)		(2)	(2)	Common Stock	296.54	$0	13,539.96	D
Restricted Stock Units	(1)(3)	03/18/2026		A		167.92(12)		(3)	(3)	Common Stock	167.92	$0	7,667.08	D
Restricted Stock Units	(1)(4)	03/18/2026		A		348.12(12)		(4)	(4)	Common Stock	348.12	$0	15,895.22	D
Restricted Stock Units	(1)(5)	03/18/2026		A		458.68(12)		(5)	(5)	Common Stock	458.68	$0	20,943.41	D
Restricted Stock Units	(1)(6)	03/18/2026		A		177.26(12)		(6)	(6)	Common Stock	177.26	$0	8,093.61	D
Restricted Stock Units	(1)(7)	03/18/2026		A		138.58(12)		(7)	(7)	Common Stock	138.58	$0	6,327.66	D
Restricted Stock Units	(1)(8)	03/18/2026		A		191.88(12)		(8)	(8)	Common Stock	191.88	$0	8,761.44	D
Restricted Stock Units	(1)(9)	03/18/2026		A		141.83(12)		(9)	(9)	Common Stock	141.83	$0	6,475.98	D
Restricted Stock Units	(1)(10)	03/18/2026		A		206.3(12)		(10)	(10)	Common Stock	206.3	$0	9,419.65	D
Restricted Stock Units	(1)(10)	03/18/2026		A		66.1(12)		(11)	(11)	Common Stock	66.1	$0	3,017.99	D

Explanation of Responses:

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 restricted stock unit vests.

2. These RSUs vested on May 15, 2018.

3. These RSUs vested on May 15, 2019.

4. These RSUs vested on July 15, 2020.

5. These RSUs vested on May 13, 2021.

6. These RSUs vested on May 16, 2022.

7. These RSUs vested on May 16, 2023.

8. These RSUs vested on May 23, 2024.

9. These RSUs vested on May 20, 2025.

10. 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) July 20, 2026 (the date that is fourteen months after the grant date).

11. Represents RSUs granted in connection with the Reporting Person's appointment as Lead Independent Director of the Issuer's Board of Directors. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the November 10, 2025 grant date and (ii) July 20, 2026.

12. 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 closing price per share of the issuer's common stock on the dividend payment date.

	/s/ Kathleen C. Haines	03/20/2026
	** 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.
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* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GENCO Shipping (GNK) report for Kathleen C. Haines?

GENCO Shipping reported that director Kathleen C. Haines received multiple grants of restricted stock units on March 18, 2026. These awards were equity compensation and dividend-equivalent RSUs, with no open-market share purchases or sales disclosed in this Form 4.

Were any GENCO Shipping (GNK) shares bought or sold in this Form 4?

No open-market buys or sells were reported. All transactions involved acquisition of restricted stock units as compensation or in lieu of cash dividends, coded as awards (A), with no sale transactions or exercise-related dispositions included in this filing.

How do the GENCO Shipping (GNK) restricted stock units reported here work?

Each restricted stock unit represents the right to receive one share of GENCO Shipping common stock, or its cash value, when it vests. Vesting depends on grant terms, such as scheduled vesting dates or the timing of the next annual shareholders meeting.

What vesting schedule applies to the newer GENCO Shipping (GNK) RSU grants?

For RSUs granted on May 20, 2025 and November 10, 2025, vesting generally occurs on the earlier of the issuer’s next annual shareholders meeting following each grant date or July 20, 2026, aligning director equity awards with upcoming shareholder meeting timing.

What are dividend-equivalent RSUs in the GENCO Shipping (GNK) Form 4?

Some RSUs were granted in lieu of cash dividends on previously outstanding RSUs. The number of these additional units is calculated by dividing the cash dividend amount by the closing price of GENCO Shipping common stock on the relevant dividend payment date.

How many restricted stock units does Kathleen C. Haines hold after these GENCO Shipping (GNK) awards?

The filing lists several separate RSU grant buckets with updated balances, including 20,943.41 RSUs and 3,017.99 RSUs in different awards. These reflect continuing director equity compensation rather than a single consolidated holding figure in this disclosure.