Genco Shipping director granted 5,545 RSUs

MAVROLEON BASIL G reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

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.

Insider Trade Summary

Grant/Award: 5,545 shares

Grant/Award 13 txns

Insider MAVROLEON BASIL G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5,545	$0.00	$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 — 7,343.83 contracts for 1,798.83 underlying shares (Direct); Common Stock — 739 shares (Direct)

Footnotes (13)

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 RSU vests.
F2. These RSUs vested on May 18, 2016.
F3. These RSUs vested on May 17, 2017.
F4. These RSUs vested on May 15, 2018.
F5. These RSUs vested on May 15, 2019.
F6. These RSUs vested on July 15, 2020.
F7. These RSUs vested on May 13, 2021.
F8. These RSUs vested on May 16, 2022.
F9. These RSUs vested on May 16, 2023.
F10. These RSUs vested on May 23, 2024.
F11. These RSUs vested on May 20, 2025.
F12. These RSUs vested on June 18, 2026.
F13. 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."

annual shareholders meeting financial

"generally 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.

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

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

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.

How many GNK common shares does Basil G. Mavroleon hold after this filing?

After the reported transactions, he directly holds 739 shares of GENCO SHIPPING & TRADING common stock. In addition, he has multiple RSU awards outstanding, each tied to specific vesting schedules described in the Form 4 footnotes.

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.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/23/2026 - 09:15 PM EDT

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^*

MAVROLEON BASIL G

(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)
06/18/2026

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)
Common Stock								739	D

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⁾							⁽²⁾	⁽²⁾	Common Stock	26.82		1,903.28	D
Restricted Stock Units	⁽¹⁾⁽³⁾							⁽³⁾	⁽³⁾	Common Stock	383.97		27,251.1	D
Restricted Stock Units	⁽¹⁾⁽⁴⁾							⁽⁴⁾	⁽⁴⁾	Common Stock	193.51		13,733.47	D
Restricted Stock Units	⁽¹⁾⁽⁵⁾							⁽⁵⁾	⁽⁵⁾	Common Stock	109.57		7,776.65	D
Restricted Stock Units	⁽¹⁾⁽⁶⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	227.17		16,122.38	D
Restricted Stock Units	⁽¹⁾⁽⁷⁾							⁽⁷⁾	⁽⁷⁾	Common Stock	299.31		21,242.73	D
Restricted Stock Units	⁽¹⁾⁽⁸⁾							⁽⁸⁾	⁽⁸⁾	Common Stock	115.67		8,209.28	D
Restricted Stock Units	⁽¹⁾⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Common Stock	90.43		6,418.09	D
Restricted Stock Units	⁽¹⁾⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	125.21		8,886.65	D
Restricted Stock Units	⁽¹⁾⁽¹¹⁾							⁽¹¹⁾	⁽¹¹⁾	Common Stock	92.55		6,568.53	D
Restricted Stock Units	⁽¹⁾⁽¹²⁾							⁽¹²⁾	⁽¹²⁾	Common Stock	134.62		9,554.27	D
Restricted Stock Units	⁽¹⁾⁽¹³⁾	06/18/2026		A		5,545		⁽¹³⁾	⁽¹³⁾	Common Stock	5,545	$0	5,545	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 RSU vests.

2. These RSUs vested on May 18, 2016.

3. These RSUs vested on May 17, 2017.

4. These RSUs vested on May 15, 2018.

5. These RSUs vested on May 15, 2019.

6. These RSUs vested on July 15, 2020.

7. These RSUs vested on May 13, 2021.

8. These RSUs vested on May 16, 2022.

9. These RSUs vested on May 16, 2023.

10. These RSUs vested on May 23, 2024.

11. These RSUs vested on May 20, 2025.

12. These RSUs vested on June 18, 2026.

13. 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.

	/s/ Basil G. Mavroleon	06/23/2026
	** 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