Director at GENCO SHIPPING (NYSE: GNK) receives 5,545 RSUs equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REGAN ARTHUR L reported acquisition or exercise transactions in this Form 4 filing.
GENCO SHIPPING & TRADING LTD director Arthur L. Regan reported an equity compensation grant and updated holdings. On June 18, 2026, he received 5,545 Restricted Stock Units (RSUs), each representing the right to one share of common stock or its value when the award vests.
According to the footnotes, various prior RSU awards vested between May 17, 2017 and June 18, 2026. After these updates, Regan directly owns 104,414 shares of common stock and holds several outstanding RSU awards tied to additional common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
REGAN ARTHUR L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,545 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,545 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 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.
Key Figures
RSUs granted: 5,545 RSUs
Direct common stock holding: 104,414 shares
RSU position: 16,666 underlying shares
+3 more
6 metrics
RSUs granted
5,545 RSUs
Grant on June 18, 2026 to director Arthur L. Regan
Direct common stock holding
104,414 shares
Common Stock directly owned after reported transactions
RSU position
16,666 underlying shares
Largest RSU award’s underlying GENCO SHIPPING common shares
RSU position
134.62 underlying shares
Outstanding RSUs linked to common stock
RSU position
92.55 underlying shares
Outstanding RSUs linked to common stock
RSU position
125.21 underlying shares
Outstanding RSUs linked to common stock
Key Terms
Restricted Stock Units, grant/award acquisition, Compensation Committee, 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.
grant/award acquisition financial
"transaction_action: grant/award acquisition for 5,545 Restricted Stock Units"
Compensation Committee financial
"in the sole discretion of the issuer's Compensation Committee"
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.
beneficial ownership financial
"Each RSU represents the right to receive one share of the issuer's common stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did GENCO SHIPPING (GNK) director Arthur L. Regan report in this Form 4?
Arthur L. Regan reported an equity compensation update, including a grant of 5,545 Restricted Stock Units on June 18, 2026. The filing also shows his direct ownership of 104,414 GENCO SHIPPING common shares and several outstanding RSU awards linked to additional common stock.
How many Restricted Stock Units were granted to GNK director Arthur L. Regan?
Regan was granted 5,545 Restricted Stock Units on June 18, 2026. Each RSU represents the right to receive one GENCO SHIPPING common share, or its value in cash, when the award vests, subject to the issuer’s Compensation Committee discretion and vesting conditions.
What are Arthur L. Regan’s direct common stock holdings in GENCO SHIPPING (GNK)?
Following the reported transactions, Regan directly holds 104,414 shares of GENCO SHIPPING common stock. This position is separate from his Restricted Stock Unit awards, which represent rights to receive additional shares or their value upon vesting in the future.
How do the RSUs granted to GNK’s director vest over time?
Each RSU generally converts into one share of common stock, or its value, when it vests. One RSU grant generally vests on the earlier of the next annual shareholders meeting after the June 18, 2026 grant date or fourteen months after that grant date, per the footnotes.
What earlier RSU vesting dates are disclosed for GNK director Arthur L. Regan?
The filing notes prior RSU awards that vested on May 17, 2017, May 16, 2022, May 16, 2023, May 23, 2024, and May 20, 2025. Another RSU award vested on June 18, 2026, reflecting ongoing equity compensation over multiple years.