Were any of the GNK RSU awards related to dividend payments?

Yes. Some RSUs were granted in lieu of cash dividends on the underlying stock. The number of dividend-equivalent RSUs is calculated by dividing the dividend amount by the 30-trading-day trailing volume-weighted average share price on the dividend payment date.

Genco Shipping (GNK) director granted multiple restricted stock unit awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

HAINES KATHLEEN C reported acquisition or exercise transactions in this Form 4 filing.

GENCO SHIPPING & TRADING LTD director Kathleen C. Haines reported multiple awards of restricted stock units (RSUs) on May 26, 2026. Each RSU represents the right to receive one share of Genco common stock or, at the Compensation Committee’s discretion, the cash value of a share upon vesting.

The Form 4 shows several small RSU grants, including awards tied to prior annual vesting dates and dividend-equivalent RSUs credited based on cash dividends paid on the underlying stock. Individual RSU award lines show post-transaction balances such as 21,242.73 units in one grant series.

Insider Trade Summary

10 transactions reported

Mixed 10 txns

Insider HAINES KATHLEEN C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	193.51	$0.00	--
Grant/Award	Restricted Stock Units	109.57	$0.00	--
Grant/Award	Restricted Stock Units	227.17	$0.00	--
Grant/Award	Restricted Stock Units	299.31	$0.00	--
Grant/Award	Restricted Stock Units	115.67	$0.00	--
Grant/Award	Restricted Stock Units	90.43	$0.00	--
Grant/Award	Restricted Stock Units	125.21	$0.00	--
Grant/Award	Restricted Stock Units	92.55	$0.00	--
Grant/Award	Restricted Stock Units	134.62	$0.00	--
Grant/Award	Restricted Stock Units	43.13	$0.00	--

Holdings After Transaction: Restricted Stock Units — 13,733.47 shares (Direct, null)

Footnotes (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 15, 2018. These RSUs vested on May 15, 2019. These RSUs vested on July 15, 2020. These RSUs vested on May 13, 2021. 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 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) July 20, 2026 (the date that is fourteen months after the grant date). Represents RSUs granted in connection with the Reporting Person's appointment as Lead Independent Director of the Issuer's Board of Directors. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the November 10, 2025 grant date and (ii) July 20, 2026. 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 30-trading day trailing volume-weighted average price per share of the issuer's common stock on the dividend payment date.

Key Figures

Total RSUs awarded: 1,431.17 units Single largest RSU grant: 299.31 units RSU post-balance example: 21,242.73 units +3 more

6 metrics

Total RSUs awarded 1,431.17 units Sum of ten RSU grant entries reported on May 26, 2026

Single largest RSU grant 299.31 units Restricted Stock Units with post-transaction balance 21,242.73 units

RSU post-balance example 21,242.73 units Total RSUs following one grant series after May 26, 2026 transaction

Another RSU post-balance 16,122.38 units Total RSUs following a separate grant series reported the same date

Dividend-equivalent RSU methodology 30-day VWAP basis Dividend amount divided by 30-trading-day trailing volume-weighted average price

Future vesting outside date July 20, 2026 Outside vesting date for certain RSUs and Lead Independent Director grants

Key Terms

Restricted Stock Units, Lead Independent Director, cash dividends, volume-weighted average price, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit ("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.

Lead Independent Director financial

"Represents RSUs granted in connection with the Reporting Person's appointment as Lead Independent Director of the Issuer's Board of Directors."

A lead independent director is a board member who is not part of company management and is chosen to coordinate and represent the other independent directors, often running sessions without the CEO, helping set meeting agendas, and serving as a liaison between shareholders and the board. For investors, this role signals stronger, more balanced oversight—like a neutral referee who helps ensure decisions are fair, transparent and focused on protecting shareholder interests.

cash dividends financial

"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"

volume-weighted average price financial

"calculated by dividing the amount of the dividend by the 30-trading day trailing volume-weighted average price per share of the issuer's common stock"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

annual shareholders meeting financial

"generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the grant date"

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.

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 05:00 PM

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^*

HAINES KATHLEEN C

(Last)

(First)

(Middle)

C/O GENCO SHIPPING & TRADING LIMITED

299 PARK AVENUE, 12TH FLOOR

(Street)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾⁽²⁾	05/26/2026		A		193.51⁽¹²⁾		⁽²⁾	⁽²⁾	Common Stock	193.51	$0	13,733.47	D
Restricted Stock Units	⁽¹⁾⁽³⁾	05/26/2026		A		109.57⁽¹²⁾		⁽³⁾	⁽³⁾	Common Stock	109.57	$0	7,776.65	D
Restricted Stock Units	⁽¹⁾⁽⁴⁾	05/26/2026		A		227.17⁽¹²⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	227.17	$0	16,122.38	D
Restricted Stock Units	⁽¹⁾⁽⁵⁾	05/26/2026		A		299.31⁽¹²⁾		⁽⁵⁾	⁽⁵⁾	Common Stock	299.31	$0	21,242.73	D
Restricted Stock Units	⁽¹⁾⁽⁶⁾	05/26/2026		A		115.67⁽¹²⁾		⁽⁶⁾	⁽⁶⁾	Common Stock	115.67	$0	8,209.28	D
Restricted Stock Units	⁽¹⁾⁽⁷⁾	05/26/2026		A		90.43⁽¹²⁾		⁽⁷⁾	⁽⁷⁾	Common Stock	90.43	$0	6,418.09	D
Restricted Stock Units	⁽¹⁾⁽⁸⁾	05/26/2026		A		125.21⁽¹²⁾		⁽⁸⁾	⁽⁸⁾	Common Stock	125.21	$0	8,886.65	D
Restricted Stock Units	⁽¹⁾⁽⁹⁾	05/26/2026		A		92.55⁽¹²⁾		⁽⁹⁾	⁽⁹⁾	Common Stock	92.55	$0	6,568.53	D
Restricted Stock Units	⁽¹⁾⁽¹⁰⁾	05/26/2026		A		134.62⁽¹²⁾		⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	134.62	$0	9,554.27	D
Restricted Stock Units	⁽¹⁾⁽¹¹⁾	05/26/2026		A		43.13⁽¹²⁾		⁽¹¹⁾	⁽¹¹⁾	Common Stock	43.13	$0	3,061.12	D

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 15, 2018.

3. These RSUs vested on May 15, 2019.

4. These RSUs vested on July 15, 2020.

5. These RSUs vested on May 13, 2021.

6. These RSUs vested on May 16, 2022.

7. These RSUs vested on May 16, 2023.

8. These RSUs vested on May 23, 2024.

9. These RSUs vested on May 20, 2025.

10. 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) July 20, 2026 (the date that is fourteen months after the grant date).

11. Represents RSUs granted in connection with the Reporting Person's appointment as Lead Independent Director of the Issuer's Board of Directors. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the November 10, 2025 grant date and (ii) July 20, 2026.

12. 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 30-trading day trailing volume-weighted average price per share of the issuer's common stock on the dividend payment date.

	/s/ Kathleen C. Haines	05/28/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did GNK director Kathleen C. Haines report in this Form 4?

Kathleen C. Haines reported multiple awards of restricted stock units on May 26, 2026. These RSUs give her the right to receive Genco common shares, or their cash value, when they vest under the company’s compensation arrangements.

How many restricted stock units did Kathleen C. Haines acquire at Genco Shipping (GNK)?

The filing lists ten separate RSU awards, totaling 1,431.17 restricted stock units. Each award is reported with its own post-transaction balance, reflecting ongoing director compensation and dividend-equivalent credits under Genco Shipping’s equity incentive programs.

What does each restricted stock unit (RSU) represent for GNK?

Each restricted stock unit represents the right to receive one share of Genco common stock or, at the Compensation Committee’s discretion, the value of a share in cash. This payment occurs on the date the RSU vests under the applicable award agreement.

How are GNK director RSUs tied to annual shareholder meetings?

Certain director RSUs generally vest on the earlier of the next annual shareholders meeting after the grant date or a specified outside date, such as July 20, 2026. This links vesting to the company’s annual governance cycle while providing a time-based backstop.

What RSUs did Kathleen C. Haines receive as Lead Independent Director at GNK?

She received RSUs granted in connection with her appointment as Lead Independent Director. These awards generally vest on the earlier of the annual shareholders meeting following the November 10, 2025 grant date or July 20, 2026, aligning compensation with board service.