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Genco director Haines acquires new RSU awards

GENCO SHIPPING & TRADING LTD (GNK) reported that director Kathleen C. Haines acquired multiple awards of restricted stock units (RSUs) on August 24, 2026.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GENCO SHIPPING & TRADING LTD (GNK) reported that director Kathleen C. Haines acquired multiple awards of restricted stock units (RSUs) on August 24, 2026. Each RSU represents one share of common stock or its cash value on vesting. Several RSU tranches had already vested between May 2018 and June 18, 2026, while additional RSUs relate to annual director and Lead Independent Director grants that generally vest on the earlier of the next annual shareholders meeting following the June 18, 2026 grant date or August 18, 2027. Further RSUs were granted in lieu of cash dividends, with the number of additional RSUs calculated using the 30‑trading‑day trailing volume‑weighted average price on each dividend payment date.

Positive

  • None.

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Insider HAINES KATHLEEN C
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2, F13 427.17 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F3, F13 241.89 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F4, F13 501.47 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F5, F13 660.74 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F6, F13 255.34 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F7, F13 199.63 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F8, F13 276.41 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F9, F13 204.31 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F10, F13 297.18 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F10, F13 95.21 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F11, F13 172.47 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F12, F13 63.89 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 112,567.89 contracts (Direct)
Footnotes (13)
  1. 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 restricted stock unit vests.
  2. F2. These RSUs vested on May 15, 2018.
  3. F3. These RSUs vested on May 15, 2019.
  4. F4. These RSUs vested on July 15, 2020.
  5. F5. These RSUs vested on May 13, 2021.
  6. F6. These RSUs vested on May 16, 2022.
  7. F7. These RSUs vested on May 16, 2023.
  8. F8. These RSUs vested on May 23, 2024.
  9. F9. These RSUs vested on May 20, 2025.
  10. F10. These RSUs vested on June 18, 2026.
  11. F11. Represents RSUs granted annually to independent directors generally. 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) August 18, 2027 (the date that is fourteen months after the grant date).
  12. F12. Represents RSUs granted annually in connection with the Reporting Person's service as Lead Independent Director of the Issuer's Board of Directors. 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) August 18, 2027 (the date that is fourteen months after the grant date).
  13. F13. 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.
Number of RSU acquisition transactions 12 transactions Grant/award acquisitions reported for August 24, 2026
RSUs linked to 2018 vesting 427.1700 RSUs RSUs that vested on May 15, 2018
RSUs linked to 2020 vesting 501.4700 RSUs RSUs that vested on July 15, 2020
RSUs linked to 2024 vesting 276.4100 RSUs RSUs that vested on May 23, 2024
RSUs linked to June 18, 2026 vesting 95.2100 RSUs Portion of RSUs that vested on June 18, 2026
Future director RSU grant 172.4700 RSUs Annual independent director grant vesting by next meeting or August 18, 2027
Future Lead Independent Director RSU grant 63.8900 RSUs Lead Independent Director grant vesting by next meeting or August 18, 2027
Reported transaction price per RSU $0.0000 per unit All RSU grant/award acquisition transactions on August 24, 2026
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.
volume-weighted average price financial
"dividing the amount of the dividend by the 30-trading day trailing volume-weighted"
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.
Lead Independent Director financial
"service as Lead Independent Director of the Issuer's Board of Directors"
A lead independent director is a board member who is not part of company management and is chosen to coordinate and represent the other independent directors, often running sessions without the CEO, helping set meeting agendas, and serving as a liaison between shareholders and the board. For investors, this role signals stronger, more balanced oversight—like a neutral referee who helps ensure decisions are fair, transparent and focused on protecting shareholder interests.
dividend payment date financial
"average price per share of the issuer's common stock on the dividend payment date"

FAQ

What insider transaction did GNK report for Kathleen C. Haines on August 24, 2026?
GENCO SHIPPING & TRADING LTD reported that director Kathleen C. Haines acquired 12 separate tranches of Restricted Stock Units linked to common stock on August 24, 2026, all recorded with a per-unit price of $0.0000 as grant or award acquisitions.

How many RSUs in the GNK Form 4 relate to past vesting dates?
Several RSU tranches in the GNK Form 4 had already vested: grants vesting on May 15, 2018, May 15, 2019, July 15, 2020, May 13, 2021, May 16, 2022, May 16, 2023, May 23, 2024, May 20, 2025 and June 18, 2026 are all reported as RSUs now reflected in the filing.

What future vesting schedule applies to the new GNK director RSUs?
For GNK, RSUs representing annual grants to independent directors and to the Lead Independent Director generally vest on the earlier of (i) the date of the next annual shareholders meeting following the June 18, 2026 grant date or (ii) August 18, 2027, which is fourteen months after the grant date.

How are GNK dividend-equivalent RSUs for Kathleen C. Haines calculated?
Additional GNK RSUs granted in lieu of cash dividends are calculated by dividing the cash dividend amount by the 30‑trading‑day trailing volume‑weighted average price per share of GNK common stock on each dividend payment date, as disclosed for the dividend-equivalent RSUs.

Do the GNK RSUs reported for Kathleen C. Haines have an exercise price?
No exercise price is stated. Each GNK Restricted Stock Unit represents the right to receive one share of common stock, or at the Compensation Committee’s discretion, the value of a share on the vesting date, and the Form 4 reports a per-unit price of $0.0000 for these awards.

What type of security is reported in the GNK Form 4 for Kathleen C. Haines?
The GNK Form 4 reports Restricted Stock Units as derivative securities. Each RSU is linked to one share of GNK common stock or its equivalent cash value upon vesting, with all reported positions held as direct ownership.

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SEC Form 4
FORM 4UNITED 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*
HAINES KATHLEEN C
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)(2)08/24/2026A427.17(13) (2) (2)Common Stock427.17$014,160.63D
Restricted Stock Units(1)(3)08/24/2026A241.89(13) (3) (3)Common Stock241.89$08,018.54D
Restricted Stock Units(1)(4)08/24/2026A501.47(13) (4) (4)Common Stock501.47$016,623.86D
Restricted Stock Units(1)(5)08/24/2026A660.74(13) (5) (5)Common Stock660.74$021,903.46D
Restricted Stock Units(1)(6)08/24/2026A255.34(13) (6) (6)Common Stock255.34$08,464.63D
Restricted Stock Units(1)(7)08/24/2026A199.63(13) (7) (7)Common Stock199.63$06,617.72D
Restricted Stock Units(1)(8)08/24/2026A276.41(13) (8) (8)Common Stock276.41$09,163.06D
Restricted Stock Units(1)(9)08/24/2026A204.31(13) (9) (9)Common Stock204.31$06,772.84D
Restricted Stock Units(1)(10)08/24/2026A297.18(13) (10) (10)Common Stock297.18$09,851.45D
Restricted Stock Units(1)(10)08/24/2026A95.21(13) (10) (10)Common Stock95.21$03,156.34D
Restricted Stock Units(1)(11)08/24/2026A172.47(13) (11) (11)Common Stock172.47$05,717.47D
Restricted Stock Units(1)(12)08/24/2026A63.89(13) (12) (12)Common Stock63.89$02,117.89D
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 vested on June 18, 2026.
11. Represents RSUs granted annually to independent directors generally. 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) August 18, 2027 (the date that is fourteen months after the grant date).
12. Represents RSUs granted annually in connection with the Reporting Person's service as Lead Independent Director of the Issuer's Board of Directors. 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) August 18, 2027 (the date that is fourteen months after the grant date).
13. 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/ Kathleen C. Haines08/26/2026
** Signature of Reporting PersonDate
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