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GENCO (NYSE: GNK) director Karin Orsel receives 5,545 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Orsel Karin Y reported acquisition or exercise transactions in this Form 4 filing.

GENCO SHIPPING & TRADING LTD director Karin Y. Orsel reported equity compensation activity involving restricted stock units (RSUs). On June 18, 2026, she received a grant of 5,545 RSUs, each representing the right to receive one share of common stock or its value upon vesting.

The newly granted RSUs generally vest on the earlier of the company’s next annual shareholders meeting following the June 18, 2026 grant date or 14 months after that grant date. The filing also lists several smaller RSU positions tied to prior annual vesting dates from May 2022 through June 2026.

Positive

  • None.

Negative

  • None.
Insider Orsel Karin Y
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 -- -- --
Holdings After Transaction: Restricted Stock Units — 5,545 shares (Direct, null)
Footnotes (1)
  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. 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.
New RSU grant 5,545 RSUs Grant date June 18, 2026
RSUs tied to 2022 vesting 134.62 underlying shares RSUs vested on May 16, 2022
RSUs tied to 2023 vesting 92.55 underlying shares RSUs vested on May 16, 2023
RSUs tied to 2024 vesting 125.21 underlying shares RSUs vested on May 23, 2024
RSUs tied to 2025 vesting 115.67 underlying shares RSUs vested on May 20, 2025
RSUs tied to June 18, 2026 vesting 90.43 underlying shares RSUs vested on June 18, 2026
RSU exercise price $0.0000 per unit Restricted stock units convertible into common stock
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the right to receive one share"
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.
Compensation Committee financial
"in the sole discretion of the issuer's Compensation Committee, the value of a share"
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.
vest financial
"These RSUs vested on May 16, 2022."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual shareholders meeting financial
"vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following"
An annual shareholders meeting is a yearly gathering where owners of a company review its performance, hear presentations from management, ask questions, and vote on important items such as board members, executive pay, and dividend policies. Think of it as a company town hall where votes and discussions can change leadership, strategy or payouts—outcomes that can directly affect a stock’s future performance and an investor’s rights and returns.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Orsel Karin Y
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)(2) (2) (2)Common Stock115.678,209.28D
Restricted Stock Units(1)(3) (3) (3)Common Stock90.436,418.09D
Restricted Stock Units(1)(4) (4) (4)Common Stock125.218,886.65D
Restricted Stock Units(1)(5) (5) (5)Common Stock92.556,568.53D
Restricted Stock Units(1)(6) (6) (6)Common Stock134.629,554.27D
Restricted Stock Units(1)(7)06/18/2026A5,545 (7) (7)Common Stock5,545$05,545D
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 16, 2022.
3. These RSUs vested on May 16, 2023.
4. These RSUs vested on May 23, 2024.
5. These RSUs vested on May 20, 2025.
6. These RSUs vested on June 18, 2026.
7. 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.
/s/ Karin Y. Orsel06/23/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR