GNK director receives additional RSU awards

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

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 receiving additional restricted stock units (RSUs) as equity compensation. On May 26, 2026, she was granted several small RSU awards tied to the company’s common stock, with no shares bought or sold in the market.

Each RSU gives the right to receive one share of common stock or its value in cash when it vests. According to the footnotes, these RSUs were granted in lieu of cash dividends that would have been paid on previously outstanding RSUs, and the number of new units was based on a 30‑day volume‑weighted average share price.

Insider Trade Summary

Grant/Award: 558.48 shares

Grant/Award 5 txns

Insider Orsel Karin Y

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	115.67	$0.00	$0.00
Grant/Award	Restricted Stock Units	90.43	$0.00	$0.00
Grant/Award	Restricted Stock Units	125.21	$0.00	$0.00
Grant/Award	Restricted Stock Units	92.55	$0.00	$0.00
Grant/Award	Restricted Stock Units	134.62	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 39,636.82 contracts (Direct)

Footnotes (7)

1. F1. 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. F2. These RSUs vested on May 16, 2022.
3. F3. These RSUs vested on May 16, 2023.
4. F4. These RSUs vested on May 23, 2024.
5. F5. These RSUs vested on May 20, 2025.
6. F6. 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.
7. F7. 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

RSU grant example 1: 134.6200 RSUs RSU grant example 2: 92.5500 RSUs RSU grant example 3: 115.6700 RSUs +1 more

4 metrics

RSU grant example 1 134.6200 RSUs Restricted stock units granted on May 26, 2026

RSU grant example 2 92.5500 RSUs Restricted stock units granted on May 26, 2026

RSU grant example 3 115.6700 RSUs Restricted stock units granted on May 26, 2026

RSU conversion price $0.0000 per unit Conversion or exercise price of reported RSUs

Key Terms

Restricted Stock Units, cash dividends, volume-weighted average price, annual shareholders meeting

4 terms

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.

cash dividends financial

"granted in lieu of the right to receive the amount of cash dividends"

volume-weighted average price financial

"dividing the amount of the dividend by the 30-trading day trailing volume-weighted average price"

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

"vest on the earlier of (i) the date of the annual shareholders meeting"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GNK director Karin Orsel report in this Form 4 filing?

Karin Orsel reported receiving additional restricted stock units as equity compensation. These RSUs are linked to GENCO SHIPPING & TRADING LTD common stock and were granted on May 26, 2026, without any open‑market share purchases or sales.

How many restricted stock units were covered in Karin Orsel’s latest GNK Form 4?

The filing shows several small RSU grants, including 134.6200, 92.5500 and 115.6700 units. Each figure represents additional RSUs tied to existing awards, provided instead of cash dividends on the underlying GENCO SHIPPING & TRADING LTD common shares.

What does each restricted stock unit represent for GNK’s Karin Orsel?

Each restricted stock unit represents the right to receive one GENCO SHIPPING & TRADING LTD common share or its cash value. The issuer’s Compensation Committee may choose delivery in shares or cash when the RSUs vest under the terms of the governing agreements.

Why did GENCO SHIPPING & TRADING LTD grant additional RSUs to Karin Orsel?

The additional RSUs were granted in lieu of cash dividends on previously outstanding RSUs. Instead of paying cash dividends on the underlying shares, the company credited Orsel with extra RSUs, calculated using a 30‑trading‑day volume‑weighted average share price on each dividend date.

Were any of Karin Orsel’s GNK restricted stock units already vested?

Yes. Footnotes indicate prior RSU awards vested on May 16, 2022, May 16, 2023, May 23, 2024 and May 20, 2025. A related RSU grant generally vests at the next annual shareholders meeting or fourteen months after its May 20, 2025 grant date.

Did this GNK Form 4 disclose any insider share sales or purchases?

No open‑market share sales or purchases were disclosed. All reported transactions are RSU grant or award acquisitions, coded “A,” reflecting equity compensation and dividend‑equivalent grants rather than discretionary buying or selling of GENCO SHIPPING & TRADING LTD common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 05:00 PM Learn about SEC filing dates

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^*

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)

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)(2)	05/26/2026		A		115.67(7)		(2)	(2)	Common Stock	115.67	$0	8,209.28	D
Restricted Stock Units	(1)(3)	05/26/2026		A		90.43(7)		(3)	(3)	Common Stock	90.43	$0	6,418.09	D
Restricted Stock Units	(1)(4)	05/26/2026		A		125.21(7)		(4)	(4)	Common Stock	125.21	$0	8,886.65	D
Restricted Stock Units	(1)(5)	05/26/2026		A		92.55(7)		(5)	(5)	Common Stock	92.55	$0	6,568.53	D
Restricted Stock Units	(1)(6)	05/26/2026		A		134.62(7)		(6)	(6)	Common Stock	134.62	$0	9,554.27	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 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 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.

7. 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/ Karin Y. Orsel	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.
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* Form 4: SEC 1474 (03-26)