Genco Shipping (GNK) director receives additional RSUs as dividend equivalents

Rhea-AI Filing Summary

Genco Shipping & Trading Ltd. director reports additional RSUs tied to dividends. On 11/24/2025, a director of GENCO SHIPPING & TRADING LTD (GNK) received small additional restricted stock units (RSUs) that track cash dividends on previously granted RSUs. One RSU award added 49.13 units linked to RSUs that vested on May 20, 2025, bringing that award to 6,334.15 RSUs held directly. A second award added 71.46 RSUs on the same date, bringing that award to 9,213.35 RSUs held directly.

Each RSU represents the right to receive one share of Genco common stock, or at the issuer’s Compensation Committee’s discretion, the cash value of a share when the unit vests. The second RSU grant generally vests at the earlier of the next annual shareholders meeting after the May 20, 2025 grant date or fourteen months after that grant date. The additional RSUs were calculated by dividing the cash dividend by the closing share price on the dividend payment date.

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^*

Das Paramita

(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)
11/24/2025

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)	11/24/2025		A		49.13(4)		(2)	(2)	Common Stock	49.13	$0	6,334.15	D
Restricted Stock Units	(1)(3)	11/24/2025		A		71.46(4)		(3)	(3)	Common Stock	71.46	$0	9,213.35	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 closing price per share of the issuer's common stock on the dividend payment date.

	/s/ Paramita Das	11/26/2025
	** 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).
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FAQ

What insider transaction did Genco Shipping & Trading (GNK) report in this Form 4?

The Form 4 reports that a director of GENCO SHIPPING & TRADING LTD received additional restricted stock units (RSUs) on 11/24/2025 as adjustments for cash dividends on previously granted RSUs. These are equity-based awards, not open-market share purchases or sales.

How many additional RSUs did the Genco (GNK) director receive on 11/24/2025?

The director received 49.13 RSUs tied to one prior RSU grant and 71.46 RSUs tied to another, both dated 11/24/2025. These amounts were granted in lieu of cash dividends on the underlying common stock.

What is the director’s RSU balance in Genco (GNK) after these transactions?

After the 11/24/2025 adjustments, one RSU award shows 6,334.15 RSUs beneficially owned directly, and a second award shows 9,213.35 RSUs beneficially owned directly. Each RSU is linked to one share of common stock, subject to the plan’s terms.

How do these Genco (GNK) RSUs work for the reporting director?

Each RSU represents the right to receive one share of Genco common stock, or, at the issuer’s Compensation Committee’s discretion, the cash value of a share when the unit vests. The additional RSUs were granted at $0 price as part of the equity compensation program.

When do the Genco (GNK) RSUs described in the filing vest?

One set of RSUs referenced in the filing vested on May 20, 2025. Another set generally vests on the earlier of the next annual shareholders meeting following the May 20, 2025 grant date or fourteen months after that grant date, as described in the award terms.

Why were additional RSUs granted to the Genco (GNK) director instead of cash dividends?

The filing explains that the additional RSUs represent amounts granted in lieu of cash dividends paid on the common stock underlying previously outstanding RSUs. The number of RSUs is calculated by dividing the dividend amount by the closing share price on the dividend payment date.