[Form 4] GENCO SHIPPING & TRADING LTD Insider Trading Activity

Rhea-AI Filing Summary

John C. Wobensmith, Chairman, CEO and President of Genco Shipping & Trading Limited (GNK), reported sales of common stock on September 12, 2025 and September 15, 2025 to satisfy tax obligations from option exercises. The filing shows 20,000 shares sold on 09/12/2025 at a weighted-average price of $18.12 and 19,000 shares sold on 09/15/2025 at a weighted-average price of $18.44. Following these transactions, the reporting person beneficially owned 506,733 shares. The Form 4 also discloses outstanding restricted stock units totaling multiple tranches (aggregate amounts reported by tranche) and outstanding options exercisable into 69,284 shares with a $9.91 exercise price expiring 02/23/2027.

Positive

• Full disclosure of sales including dates, weighted-average prices and explanation that sales were to satisfy tax obligations
• Reporting person retains substantial ownership after sales (506,733 shares) and holds multiple RSU tranches plus exercisable options

Negative

• Beneficial ownership decreased from 525,733 to 506,733 shares following sales of 39,000 shares
• Insider realizations (sales to cover taxes) slightly reduce insider-aligned equity stake

Insights

Securities Analyst

TL;DR: Insider sold shares to cover tax from option exercises; overall holding remains substantial and remaining compensation awards are significant.

The Form 4 documents routine dispositions by John C. Wobensmith on 09/12/2025 and 09/15/2025 totaling 39,000 shares sold at weighted-average prices of $18.12 and $18.44, respectively. The filing states the sales were made to satisfy tax obligations arising from option exercises, and the reporting person states no present intention to sell additional shares. Post-transaction beneficial ownership is reported as 506,733 shares. material ongoing equity exposure remains via multiple restricted stock unit tranches (several vesting schedules) and an outstanding option for 69,284 shares exercisable at $9.91 through 02/23/2027. For investors, this reads as routine insider tax-selling rather than a change in corporate control or strategic disposition.

Corporate Governance Expert

TL;DR: Disclosure is complete and consistent with Section 16 requirements; transactions are described as tax-driven.

The Form 4 provides required detail: transaction dates, codes, quantities, weighted-average prices and a clear explanatory footnote that the sales satisfied tax obligations related to option exercises. The filing lists the reporting person as Chairman, CEO and President and indicates direct ownership and numerous RSU tranches with defined vesting patterns. From a governance perspective, the report demonstrates compliance and transparency around insider compensation realization events. No amendment or additional arrangements are disclosed in the filing.

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^*

WOBENSMITH JOHN C

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, CEO, and President

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		S(1)		20,000	D	$18.12(2)	525,733	D
Common Stock	09/15/2025		S(1)		19,000	D	$18.44(2)	506,733	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	(3)(4)							(4)	(4)	Common Stock	51,178		51,178	D
Restricted Stock Units	(3)(5)							(5)	(5)	Common Stock	25,684		25,684	D
Restricted Stock Units	(3)(6)							(6)	(6)	Common Stock	13,293		13,293	D
Restricted Stock Units	(3)(7)							(7)	(7)	Common Stock	67,524		67,524	D
Restricted Stock Units	(3)(8)							(8)	(8)	Common Stock	40,898		40,898	D
Option	$9.91							02/23/2022(9)	02/23/2027	Common Stock	69,284		69,284	D

Explanation of Responses:

1. A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock received upon the exercise of options on September 8, 2025. The reporting person has no present intention to sell additional shares of the issuer.

2. The prices reported in Column 4 are weighted average prices. The shares were sold in multiple transactions at prices ranging from $18.10 to $18.18 (inclusive) on September 12, 2025 and from $18.30 to $18.60 (inclusive) on September 15, 2025. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. These restricted stock units generally vest in installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

9. These options generally became exercisable in equal installments on each of the first three anniversaries of February 23, 2021.

	/s/ John C. Wobensmith	09/15/2025
	** 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.

FAQ

What transactions did GNK insider John C. Wobensmith report on Form 4?

The report shows sales of 20,000 shares on 09/12/2025 and 19,000 shares on 09/15/2025 to satisfy tax obligations from option exercises.

How many GNK shares does John C. Wobensmith beneficially own after the reported sales?

After the transactions the reporting person beneficially owned 506,733 shares.

Were the share sale prices disclosed for GNK Form 4 transactions?

Yes. Weighted-average prices reported were $18.12 for 09/12/2025 sales and $18.44 for 09/15/2025 sales; individual sale prices ranged $18.10–$18.18 and $18.30–$18.60 respectively.

Does the Form 4 indicate why the GNK insider sold shares?

Yes. The filing states the sales were made to satisfy the reporting person's tax obligations from option exercises on September 8, 2025.

What remaining equity compensation does the GNK filing disclose for the insider?

The Form 4 discloses multiple restricted stock unit tranches (various vesting schedules) and an option for 69,284 shares exercisable at $9.91 expiring on 02/23/2027.