GENCO (NYSE: GNK) CCO reports stock grants and 8,260-share sale

Rhea-AI Filing Summary

GENCO SHIPPING & TRADING LTD Chief Commercial Officer Jesper Christensen reported a mix of equity awards and share sales. On February 18, 2026, he acquired 17,208 shares of common stock at $0.00 per share as a grant or award, increasing his common stock holdings to 86,571 shares.

On the same date, he sold 8,260 common shares in an open-market transaction at a weighted average price of $23.27 per share, leaving 78,311 common shares held directly. The sale was executed under a pre-established Rule 10b5-1 trading plan to cover tax obligations related to vesting performance restricted stock units.

On February 16, 2026, he also received 24,863 restricted stock units as an award. Each restricted stock unit represents the right to receive one share of common stock or its cash value upon vesting, with various RSU grants scheduled to vest in equal installments on anniversaries of February 23, 2022–2026, subject to blackout or trading restrictions.

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

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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).

X

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^*

Christensen Jesper

(Last) (First) (Middle)

C/O GENCO SHIPPING & TRADING LIMITED

299 PARK AVENUE, 12TH FLOOR

(Street)

NEW YORK NY 10171

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GENCO SHIPPING & TRADING LTD [ GNK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/18/2026		A(1)		17,208	A	(1)	86,571	D
Common Stock	02/18/2026		S(2)		8,260	D	$23.27(3)	78,311	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	(4)(5)	02/16/2026		A		24,863		(5)	(5)	Common Stock	24,863(4)	$0	24,863	D
Restricted Stock Units	(4)(6)							(6)	(6)	Common Stock	30,303(4)		30,303	D
Restricted Stock Units	(4)(7)							(7)	(7)	Common Stock	12,842(4)		12,842	D
Restricted Stock Units	(4)(8)							(8)	(8)	Common Stock	6,135(4)		6,135	D
Restricted Stock Units	(4)(9)							(9)	(9)	Common Stock	28,940(4)		28,940	D
Restricted Stock Units	(4)(10)							(10)	(10)	Common Stock	12,270(4)		12,270	D

Explanation of Responses:

1. The Reporting Person became entitled to receive shares of common stock in settlement of performance restricted stock units upon their vesting.

2. These shares were sold under instructions given in a previously existing plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for performance restricted stock units that vested on February 18, 2026.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.61 to $23.67 (inclusive) on February 18, 2026. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

4. Each restricted stock unit 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.

5. These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2026, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

6. These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2025, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

7. These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2024, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

8. These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

9. These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

10. These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

	/s/ Jesper Christensen	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did GNK Chief Commercial Officer Jesper Christensen report?

Jesper Christensen reported both equity awards and a share sale. He received 17,208 common shares and 24,863 restricted stock units as grants, and sold 8,260 common shares in an open-market transaction, all recorded in mid-February 2026.

How many GENCO (GNK) shares did Jesper Christensen sell and at what price?

He sold 8,260 shares of GENCO common stock at a weighted average price of $23.27 per share. The sale occurred on February 18, 2026, through multiple trades within a price range from $22.61 to $23.67 per share.

Were Jesper Christensen’s GNK share sales under a Rule 10b5-1 plan?

Yes. The 8,260 GENCO common shares were sold pursuant to instructions under a previously established Rule 10b5-1 trading plan. The filing states the purpose was to satisfy personal tax obligations arising from vested performance restricted stock units.

What new equity awards did Jesper Christensen receive from GENCO (GNK)?

He received 17,208 shares of common stock and 24,863 restricted stock units as equity awards. These awards carry no cash exercise cost and are structured to vest over time, subject to standard blackout-period or trading restriction postponements described in the disclosure.

How many GENCO (GNK) common shares does Jesper Christensen hold after these transactions?

After the reported February 18, 2026 transactions, Jesper Christensen directly holds 78,311 GENCO common shares. This figure reflects both the receipt of 17,208 awarded shares and the subsequent open-market sale of 8,260 shares recorded in the Form 4.

How do Jesper Christensen’s GENCO (GNK) restricted stock units vest?

His restricted stock units generally vest in equal installments over three or five years from grant dates around February 23, 2022–2026. Vesting may be postponed if it falls during a company blackout period or other trading restriction, as outlined in the award terms.