GNK insider filing reports 2,929 RSUs granted on Nov 10, 2025

Rhea-AI Filing Summary

Genco Shipping & Trading Ltd. (GNK) disclosed an insider equity award on a Form 4. Director Kathleen C. Haines reported a grant of 2,929 restricted stock units (RSUs) on November 10, 2025 in connection with her appointment as Lead Independent Director.

Each RSU represents one share of common stock. These RSUs generally vest on the earlier of the company’s next annual shareholders meeting following the grant date or July 20, 2026. The filing also lists prior RSU awards and vesting dates for context.

Insights

Governance & Compensation Analyst

Routine RSU grant tied to a board leadership role; neutral impact.

The filing reports an equity award of 2,929 RSUs to a director upon appointment as Lead Independent Director. RSUs are non-cash compensation that convert into shares upon vesting, aligning director incentives with shareholder outcomes.

The vesting condition is the earlier of the next annual meeting following November 10, 2025 or July 20, 2026. This is a standard governance practice and does not, by itself, signal a change in business performance or strategy.

Actual share issuance depends on vesting. No cash proceeds are involved, and the magnitude shown is small within typical director equity programs.

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

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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^*

HAINES KATHLEEN C

(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)
11/10/2025

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)							(2)	(2)	Common Stock	115.54		13,140.7	D
Restricted Stock Units	(1)(3)							(3)	(3)	Common Stock	65.42		7,441	D
Restricted Stock Units	(1)(4)							(4)	(4)	Common Stock	135.64		15,426.51	D
Restricted Stock Units	(1)(5)							(5)	(5)	Common Stock	178.71		20,325.85	D
Restricted Stock Units	(1)(6)							(6)	(6)	Common Stock	69.06		7,854.96	D
Restricted Stock Units	(1)(7)							(7)	(7)	Common Stock	54		6,141.08	D
Restricted Stock Units	(1)(8)							(8)	(8)	Common Stock	74.76		8,503.09	D
Restricted Stock Units	(1)(9)							(9)	(9)	Common Stock	55.26		6,285.02	D
Restricted Stock Units	(1)(10)							(10)	(10)	Common Stock	80.38		9,141.89	D
Restricted Stock Units	(1)(11)	11/10/2025		A		2,929		(11)	(11)	Common Stock	2,929	$0	2,929	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 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 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) July 20, 2026 (the date that is fourteen months after the grant date).

11. Represents RSUs granted in connection with the Reporting Person's appointment 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 November 10, 2025 grant date and (ii) July 20, 2026.

	/s/ Kathleen C. Haines	11/12/2025
	** Signature of Reporting Person	Date
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FAQ

What did Genco Shipping (GNK) report in this Form 4?

An award of 2,929 RSUs to Director Kathleen C. Haines on November 10, 2025 tied to her appointment as Lead Independent Director.

What are the vesting terms for the 2,929 RSUs at GNK?

They generally vest on the earlier of the next annual shareholders meeting following the grant or July 20, 2026.

Who received the RSUs reported by GNK?

Kathleen C. Haines, a Director and Lead Independent Director of Genco Shipping & Trading Ltd.

How many shares does each RSU represent at GNK?

Each RSU represents the right to receive one share of GNK common stock upon vesting.

Does the Form 4 indicate any sale of GNK shares?

No. It reports a grant of RSUs and related vesting terms.

Are there cash proceeds associated with this Form 4 event?

No. RSU grants are a non-cash form of compensation.