GNK Insider Filing: Paramita Das Reports RSU Vesting and Dividend-Equivalent Units

Rhea-AI Filing Summary

Paramita Das, a director of GENCO SHIPPING & TRADING LTD (GNK), reported two RSU-related transactions dated 08/25/2025. The Form 4 shows acquisition entries for restricted stock units that resulted in holdings of 6,285.02 and 9,141.89 shares of common stock following the reported transactions. The entries list a $0 price, indicating these were equity awards rather than market purchases.

Footnotes state each RSU converts to one share on vesting; one group of RSUs vested on May 20, 2025, and the other group vests at the earlier of the next annual shareholders meeting or fourteen months after grant. Additional RSUs were issued in lieu of cash dividends, calculated by dividing the dividend amount by the closing share price on the dividend date.

Positive

• Transparency: The filing discloses the director's equity awards and post-transaction beneficial ownership totals.
• Equity alignment: RSUs and dividend-equivalent units align director compensation with shareholder outcomes.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider equity compensation reported; no trading or cash purchases disclosed.

The filing documents standard restricted stock unit issuances and vesting for a director, with no open-market sales or purchases. The awards include dividend-equivalent RSUs, which are common in director compensation plans to preserve economic parity with shareholders. The report clarifies vesting schedules and the post-transaction beneficial ownership counts, supporting transparency in insider holdings.

Compensation Analyst

TL;DR: Equity awards converted to RSUs and dividend-equivalent units, reflecting standard compensation mechanics.

The Form 4 shows two RSU events leading to incremental beneficial ownership of 6,285.02 and 9,141.89 shares. One tranche already vested on May 20, 2025; the other has a time/meeting-based vesting condition. The $0 price entries indicate grants/vests rather than market transactions; issuance of dividend-equivalent RSUs preserves value for the holder.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Das Paramita

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	55.26	$0.00	--
Grant/Award	Restricted Stock Units	80.38	$0.00	--

Holdings After Transaction: Restricted Stock Units — 6,285.02 shares (Direct)

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 closing price per share of the issuer's common stock on the dividend payment date.

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 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)
08/25/2025

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)	08/25/2025		A		55.26(4)		(2)	(2)	Common Stock	55.26	$0	6,285.02	D
Restricted Stock Units	(1)(3)	08/25/2025		A		80.38(4)		(3)	(3)	Common Stock	80.38	$0	9,141.89	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	08/26/2025
	** 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).
** 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.

FAQ

What did GNK director Paramita Das report on Form 4?

The Form 4 reports acquisitions of restricted stock units (RSUs) dated 08/25/2025, resulting in holdings of 6,285.02 and 9,141.89 shares following the transactions.

Were the reported transactions open-market purchases or grants?

The transactions show a $0 price, indicating these were equity awards/vests (RSUs), not open-market purchases.

When did the RSUs vest or when will they vest?

One group of RSUs vested on May 20, 2025. The other tranche vests at the earlier of the next annual shareholders meeting after May 20, 2025, or fourteen months after the grant date.

What are the dividend-equivalent RSUs noted in the filing?

Additional RSUs were issued in lieu of cash dividends; the number was calculated by dividing the dividend amount by the closing GNK share price on the dividend payment date.

What is Paramita Das's relationship to GNK?

Paramita Das is reported as a Director of GENCO SHIPPING & TRADING LTD (GNK).