GNK Insider Filing: Kathleen Haines RSUs Vest on 08/25/2025

Rhea-AI Filing Summary

Kathleen C. Haines, a director of Genco Shipping & Trading Ltd (GNK), reported the vesting and resulting receipt of multiple restricted stock units (RSUs). On 08/25/2025 the filing records the acquisition (vesting) of nine RSU tranches that convert into common stock or equivalent value. Each vested tranche is shown with the number of common shares credited following the transaction: 115.54, 65.42, 135.64, 178.71, 69.06, 54, 74.76, 55.26, and 80.38 shares, corresponding to 13,140.7; 7,441; 15,426.51; 20,325.85; 7,854.96; 6,141.08; 8,503.09; 6,285.02; and 9,141.89 shares reported as beneficially owned following each vested tranche. The RSUs reflect prior grants that vested on specified dates between 2018 and 2025, and include additional RSUs granted in lieu of dividend cash payments as described in the explanations. The form is signed by Kathleen C. Haines on 08/26/2025.

Positive

• Compliance: Reporting person filed the Form 4 and signed it on 08/26/2025, fulfilling Section 16 reporting obligations
• Transparency: The filing details vesting dates and dividend-equivalent RSU calculations, providing clear disclosure on equity compensation
• Compensation realization: Multiple prior RSU grants vested, converting to specified common stock amounts and increasing direct beneficial ownership

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director RSU vesting increased reported direct holdings; no cash transactions or derivative exercises reported.

This Form 4 documents multiple vested restricted stock units credited to Kathleen C. Haines on 08/25/2025, with each tranche converted into shares (or equivalents) and reported as directly beneficially owned. The filing is procedural in nature: it records vesting events tied to prior grants with vest dates from 2018 through 2025 and notes dividend equivalents were paid as additional RSUs. There are no sales, purchases for cash, option exercises, or new derivative instruments disclosed, so the filing does not reflect ongoing trading activity or changes in compensation policy.

Corporate Governance Expert

TL;DR: Vesting of existing long-term equity awards to a director; disclosure aligns with Section 16 reporting requirements.

The report shows compliance with Section 16 timing by a director reporting the conversion of previously granted RSUs into common stock equivalents. The explanatory footnotes explicitly list original vesting dates and the mechanics for dividend-equivalent RSUs. The entry style and signature indicate a single reporting person filing. From a governance perspective, these are standard equity-compensation disclosures and do not indicate governance changes, related-party transactions, or departures.

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

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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^*

HAINES KATHLEEN 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
	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		115.54(11)		(2)	(2)	Common Stock	115.54	$0	13,140.7	D
Restricted Stock Units	(1)(3)	08/25/2025		A		65.42(11)		(3)	(3)	Common Stock	65.42	$0	7,441	D
Restricted Stock Units	(1)(4)	08/25/2025		A		135.64(11)		(4)	(4)	Common Stock	135.64	$0	15,426.51	D
Restricted Stock Units	(1)(5)	08/25/2025		A		178.71(11)		(5)	(5)	Common Stock	178.71	$0	20,325.85	D
Restricted Stock Units	(1)(6)	08/25/2025		A		69.06(11)		(6)	(6)	Common Stock	69.06	$0	7,854.96	D
Restricted Stock Units	(1)(7)	08/25/2025		A		54(11)		(7)	(7)	Common Stock	54	$0	6,141.08	D
Restricted Stock Units	(1)(8)	08/25/2025		A		74.76(11)		(8)	(8)	Common Stock	74.76	$0	8,503.09	D
Restricted Stock Units	(1)(9)	08/25/2025		A		55.26(11)		(9)	(9)	Common Stock	55.26	$0	6,285.02	D
Restricted Stock Units	(1)(10)	08/25/2025		A		80.38(11)		(10)	(10)	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 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) the date that is fourteen months after the grant date.

11. 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/ Kathleen C. Haines	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 did Kathleen C. Haines report on Form 4 for GNK?

The Form 4 reports the vesting and acquisition of multiple restricted stock units (RSUs) on 08/25/2025, resulting in specified amounts of common stock beneficially owned.

How many RSU tranches vested for GNK director Kathleen Haines on 08/25/2025?

Nine RSU tranches are reported as vested on 08/25/2025, each converted into common stock or equivalents with individual share amounts shown.

Do the entries show any sales or cash purchases by Kathleen Haines?

No. The Form 4 shows acquisitions through vesting of RSUs only; there are no reported sales or cash purchases in this filing.

Are dividend-equivalent payments included in the reported RSUs?

Yes. The explanations state that additional RSUs were granted in lieu of cash dividends, calculated by dividing the dividend amount by the closing share price on the dividend date.

What is the reporting relationship of Kathleen C. Haines to GNK?

The form identifies Kathleen C. Haines as a Director of Genco Shipping & Trading Ltd (GNK).