Genco Shipping (GNK) director reports new RSU grants and holdings

Rhea-AI Filing Summary

GENCO SHIPPING & TRADING LTD director Arthur L. Regan reported multiple grants of restricted stock units (RSUs) on common stock. On March 18, 2026, he acquired several small RSU awards at an exercise price of $0.00 per unit, classified as compensation-related grants.

Each RSU represents the right to receive one share of Genco common stock or its cash value when the unit vests. Footnotes explain that these awards include additional RSUs granted instead of cash dividends on previously outstanding RSUs, with the amount based on the dividend and the share closing price on the dividend date.

After these transactions, Regan directly holds RSUs covering 16,666 underlying shares of common stock and also directly owns 104,414 shares of Genco common stock. These entries reflect his updated equity-based compensation and ownership position, with no open‑market purchases or sales reported.

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^*

REGAN ARTHUR L

(Last) (First) (Middle)

C/O GENCO SHIPPING & TRADING LIMITED

299 PARK AVENUE, 12TH FLOOR

(Street)

NEW YORK 10171

(City) (State) (Zip)

(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
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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)(2)							(2)	(2)	Common Stock	16,666		16,666	D
Restricted Stock Units	(1)(3)	03/18/2026		A		177.26(8)		(3)	(3)	Common Stock	177.26	$0	8,093.61	D
Restricted Stock Units	(1)(4)	03/18/2026		A		138.58(8)		(4)	(4)	Common Stock	138.58	$0	6,327.66	D
Restricted Stock Units	(1)(5)	03/18/2026		A		191.88(8)		(5)	(5)	Common Stock	191.88	$0	8,761.44	D
Restricted Stock Units	(1)(6)	03/18/2026		A		141.83(8)		(6)	(6)	Common Stock	141.83	$0	6,475.98	D
Restricted Stock Units	(1)(7)	03/18/2026		A		206.3(8)		(7)	(7)	Common Stock	206.3	$0	9,419.65	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 closing price per share of the issuer's common stock on the dividend payment date.

	/s/ Arthur L. Regan	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.
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)

FAQ

What did GNK director Arthur L. Regan report in this Form 4?

Arthur L. Regan reported several grants of restricted stock units on Genco Shipping & Trading common stock. These are compensation-related equity awards, not open-market trades, and increase his potential future share-based holdings when the RSUs vest according to their governing agreements.

How many GNK shares does Arthur L. Regan hold after these transactions?

Following the reported transactions, Arthur L. Regan directly owns 104,414 shares of Genco common stock. In addition, he holds restricted stock units linked to 16,666 underlying shares, which may convert into stock or cash value upon future vesting events under the RSU terms.

What are the terms of the GNK restricted stock units reported by Regan?

Each restricted stock unit gives Regan the right to receive one Genco common share or its cash value when it vests. Some RSUs were granted instead of cash dividends, with quantities determined by dividing dividend amounts by the stock’s closing price on the dividend payment date.

Were there any GNK stock purchases or sales by Regan in this filing?

The filing shows no open-market purchases or sales of Genco common stock by Regan. All reported activity involves grants of restricted stock units and updated holdings, reflecting equity compensation rather than discretionary trading in the company’s publicly traded shares.

How were the additional GNK RSUs for Arthur L. Regan calculated?

Additional restricted stock units were granted in lieu of cash dividends on previously outstanding RSUs. The number of these RSUs was calculated by dividing each dividend amount by the closing price per share of Genco common stock on the corresponding dividend payment date.