GNK Insider Filing: Karin Orsel Acquires Shares via RSU Vesting

Rhea-AI Filing Summary

Karin Y. Orsel, a director of GENCO SHIPPING & TRADING LTD (GNK), reported the acquisition of restricted stock units (RSUs) that vested and converted into shares on August 25, 2025. The Form 4 shows five separate RSU entries acquired on that date, each recorded as acquisitions at $0 because they represent vested awards rather than purchased stock. The entries reflect additional fractional RSUs issued to capture dividend equivalents. Individual post-transaction beneficial ownership figures are 7,854.96, 6,141.08, 8,503.09, 6,285.02, and 9,141.89 shares, held directly. The reporting person signed the form on 08/26/2025. The filing documents routine compensation-related vesting events and dividend-equivalent adjustments.

Positive

• Director equity alignment: Karin Y. Orsel received vested RSUs, increasing her direct ownership and aligning interests with shareholders.
• No cash outlay required: Acquisitions are settlements of compensation awards (reported at $0), reflecting compensation mechanics rather than market purchases.
• Dividend-equivalent adjustments disclosed: Additional fractional RSUs were issued to reflect dividends, showing administrative completeness in reporting.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director RSU vesting reported; no cash purchase or sale, indicates compensation settlement.

The filing documents standard equity compensation mechanics: RSUs vested and were settled in shares or share equivalents, with additional RSUs issued to reflect dividend equivalents. Transactions are acquisitions at zero cash price because they result from previously granted awards rather than market purchases. For investors, these are not liquidity events changing control or signaling an immediate market sale, but they increase the director's direct share count. The filing is procedural and consistent with compensation plan terms disclosed by the issuer.

Securities Analyst

TL;DR: Multiple RSU vestings increased a director's direct holdings; impact is neutral and non-market-moving.

The report lists five RSU conversions into common shares on the same transaction date, including fractional increases tied to dividend equivalents. There is no cash consideration and no disposals reported. Absent additional context on total outstanding shares or subsequent sales, the disclosure is informational and unlikely to materially affect GNK's valuation. Analysts would note the timing and sizes but treat this as routine compensation settlement rather than insider buying or selling activity.

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).

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 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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

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)	08/25/2025		A		69.06(7)		(2)	(2)	Common Stock	69.06	$0	7,854.96	D
Restricted Stock Units	(1)(3)	08/25/2025		A		54(7)		(3)	(3)	Common Stock	54	$0	6,141.08	D
Restricted Stock Units	(1)(4)	08/25/2025		A		74.76(7)		(4)	(4)	Common Stock	74.76	$0	8,503.09	D
Restricted Stock Units	(1)(5)	08/25/2025		A		55.26(7)		(5)	(5)	Common Stock	55.26	$0	6,285.02	D
Restricted Stock Units	(1)(6)	08/25/2025		A		80.38(7)		(6)	(6)	Common Stock	80.38	$0	9,141.89	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 closing price per share of the issuer's common stock on the dividend payment date.

	/s/ Karin Y. Orsel	08/26/2025
	** 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.
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FAQ

What transactions did GNK director Karin Y. Orsel report on Form 4?

The Form 4 reports the acquisition of five sets of restricted stock units (RSUs) that vested and converted to shares on 08/25/2025, recorded as acquisitions at $0.

How many shares did the RSU vestings represent for Karin Y. Orsel?

Post-transaction beneficial ownership amounts reported were 7,854.96, 6,141.08, 8,503.09, 6,285.02, and 9,141.89 shares, each held directly.

Were these Form 4 transactions purchases or sales of GNK stock?

No. These were settlements of previously granted RSUs that vested; they are recorded as acquisitions at $0 because they reflect compensation vesting rather than market purchases.

Did the Form 4 disclose any exercised options or derivative activity?

No. The filing only reports non-derivative RSU vestings converting to common stock; there are no option exercises or sales reported.

When was the Form 4 signed by the reporting person?

The Form 4 was signed by Karin Y. Orsel on 08/26/2025.