Director at Genco Shipping (GNK) granted additional restricted stock units

Rhea-AI Filing Summary

Das Paramita reported acquisition or exercise transactions in this Form 4 filing.

GENCO SHIPPING & TRADING LTD director Paramita Das received additional restricted stock units (RSUs) as equity compensation. On May 26, 2026, two RSU awards were reported, covering 134.62 and 92.55 RSUs tied to the company’s common stock.

Each RSU represents the right to receive one share of common stock, or the cash value of a share, when the unit vests. Some RSUs vested on May 20, 2025, while other units will generally vest at the earlier of the next annual shareholders meeting after the May 20, 2025 grant date or fourteen months after that grant date.

Additional RSUs were granted instead of paying cash dividends on the underlying common shares, with the number of new RSUs calculated using the 30‑trading‑day trailing volume‑weighted average price on each dividend payment date.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Das Paramita

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	92.55	$0.00	--
Grant/Award	Restricted Stock Units	134.62	$0.00	--

Holdings After Transaction: Restricted Stock Units — 6,568.53 shares (Direct, null)

Footnotes (1)

1. Each 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. These RSUs vested on May 20, 2025. 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. 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 1: 134.62 RSUs RSU grant 2: 92.55 RSUs Post‑transaction RSU balance (line 1): 9,554.27 RSUs +3 more

6 metrics

RSU grant 1 134.62 RSUs Award reported on May 26, 2026

RSU grant 2 92.55 RSUs Award reported on May 26, 2026

Post‑transaction RSU balance (line 1) 9,554.27 RSUs Total RSUs following first reported transaction

Post‑transaction RSU balance (line 2) 6,568.53 RSUs Total RSUs following second reported transaction

RSU grant price $0.00 per unit Equity compensation, no cash paid by director

Grant date reference May 20, 2025 RSUs vested or vest based on this grant date

Key Terms

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

4 terms

Restricted Stock Units financial

"Each RSU represents the right to receive one share of the issuer's common stock"

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.

volume-weighted average price financial

"calculated by 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.

cash dividends financial

"granted in lieu of the right to receive the amount of cash dividends paid on the common stock"

annual shareholders meeting financial

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

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Das Paramita

(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		92.55(4)		(2)	(2)	Common Stock	92.55	$0	6,568.53	D
Restricted Stock Units	(1)(3)	05/26/2026		A		134.62(4)		(3)	(3)	Common Stock	134.62	$0	9,554.27	D

Explanation of Responses:

1. Each 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 20, 2025.

3. 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.

4. 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/ Paramita Das	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.
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)

FAQ

What insider transaction did GNK director Paramita Das report?

Paramita Das reported receiving additional restricted stock units in GENCO SHIPPING & TRADING LTD. These awards are equity compensation, not open‑market purchases, and represent rights to receive common shares or their cash value when vesting conditions are met.

How many restricted stock units were granted to Paramita Das at GNK?

The filing lists RSU grants of 134.62 and 92.55 units linked to GENCO’s common stock. Each RSU generally corresponds to one share or its cash value upon vesting, aligning director compensation with shareholder outcomes over time.

How do the GNK restricted stock units granted to Paramita Das vest?

Some RSUs vested on May 20, 2025. Other RSUs generally vest at the earlier of the next annual shareholders meeting after the May 20, 2025 grant date or fourteen months after that grant date, tying vesting to company governance timelines.

Why did GENCO SHIPPING grant additional RSUs instead of cash dividends?

Additional RSUs were granted in lieu of cash dividends on underlying RSUs. The number of new units equals the cash dividend amount divided by the 30‑trading‑day trailing volume‑weighted average share price on the dividend payment date, preserving economic value in equity form.

Does the GNK Form 4 show any open‑market stock buys or sells?

The reported transactions involve RSU grants categorized as awards or other acquisitions, not open‑market buys or sells. They reflect non‑cash equity compensation for a director rather than discretionary trading in GENCO SHIPPING & TRADING LTD common shares.

What does each GNK restricted stock unit represent for Paramita Das?

Each RSU represents the right to receive one share of GENCO common stock or, at the compensation committee’s discretion, the cash value of a share at vesting. This structure links director compensation directly to the future value of the company’s equity.