Director granted 5,545 RSUs at GENCO SHIPPING & TRADING (GNK)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MAVROLEON BASIL G reported acquisition or exercise transactions in this Form 4 filing.
GENCO SHIPPING & TRADING director Basil G. Mavroleon received a grant of 5,545 restricted stock units on June 18, 2026. Each RSU represents the right to receive one share of common stock or its cash value when it vests.
The filing also shows he directly holds 739 common shares and multiple smaller RSU awards tied to prior vesting dates from 2016 through 2026. The new 5,545-unit award generally vests at the earlier of the next annual shareholders meeting or 14 months after the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
MAVROLEON BASIL G
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 | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,545 shares (Direct, null);
Common Stock — 739 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 RSU vests. These RSUs vested on May 18, 2016. These RSUs vested on May 17, 2017. 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 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.
Key Figures
New RSU grant: 5,545 units
Common shares held: 739 shares
RSU conversion price: $0.0000 per unit
+1 more
4 metrics
New RSU grant
5,545 units
Restricted Stock Units granted on June 18, 2026
Common shares held
739 shares
Direct common stock ownership after reported transactions
RSU conversion price
$0.0000 per unit
Exercise or conversion price for reported RSUs
Largest prior RSU block
383.9700 units
One of several outstanding RSU awards referenced in the filing
Key Terms
Restricted Stock Units, RSU, vested, annual shareholders meeting, +1 more
5 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.
RSU financial
"Each restricted stock unit ("RSU") represents the right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vested financial
"These RSUs vested on June 18, 2026."
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.
FAQ
What insider transaction did GNK director Basil G. Mavroleon report?
Basil G. Mavroleon reported receiving 5,545 restricted stock units on June 18, 2026. The Form 4 classifies this as a grant or award, not an open-market trade, using transaction code A for derivative securities.
How many restricted stock units did GNK grant to Basil G. Mavroleon?
He was granted 5,545 restricted stock units on June 18, 2026. Each RSU represents a right to one share of GENCO SHIPPING & TRADING common stock or its cash value upon vesting, at the Compensation Committee’s discretion.
What are the vesting terms of the new RSU grant at GENCO SHIPPING (GNK)?
The new RSUs generally vest at the earlier of the next annual shareholders meeting after the June 18, 2026 grant date or 14 months after that date. This schedule links vesting to the company’s shareholder meeting cycle or a time-based alternative.
Did Basil G. Mavroleon buy or sell GNK stock on the open market?
The Form 4 does not show any open-market purchases or sales of GNK common stock. The main reported activity is a 5,545-unit RSU grant coded A, which represents a grant or award of derivative securities rather than a market trade.
What do the historical RSU entries for GNK’s Basil G. Mavroleon represent?
The filing lists several smaller RSU positions that vested on dates from 2016 through 2026. Each corresponds to past director equity awards, with remaining RSU balances and associated vesting dates detailed in the footnotes for historical compensation tracking.