Genco Shipping (GNK) director reports new RSU and dividend-equivalent grants

Rhea-AI Filing Summary

Genco Shipping & Trading Ltd. reported insider equity compensation activity for a director. On November 24, 2025, the director received multiple grants of restricted stock units (RSUs) tied to the company’s common stock, all recorded at a price of $0 because they are equity awards rather than open‑market purchases.

The RSUs include small fractional amounts such as 102.72, 58.16, 120.58, and other similar quantities, each representing the right to receive one share of common stock per unit. Many of these RSUs relate to earlier grants that vested on dates between May 15, 2018 and May 20, 2025, with additional units credited in lieu of cash dividends. Some newer RSUs vest on the earlier of the next annual shareholders meeting or specific dates in 2026, reflecting ongoing board compensation.

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^*

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)
11/24/2025

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		102.72(12)		(2)	(2)	Common Stock	102.72	$0	13,243.42	D
Restricted Stock Units	(1)(3)	11/24/2025		A		58.16(12)		(3)	(3)	Common Stock	58.16	$0	7,499.16	D
Restricted Stock Units	(1)(4)	11/24/2025		A		120.58(12)		(4)	(4)	Common Stock	120.58	$0	15,547.1	D
Restricted Stock Units	(1)(5)	11/24/2025		A		158.88(12)		(5)	(5)	Common Stock	158.88	$0	20,484.73	D
Restricted Stock Units	(1)(6)	11/24/2025		A		61.4(12)		(6)	(6)	Common Stock	61.4	$0	7,916.36	D
Restricted Stock Units	(1)(7)	11/24/2025		A		48(12)		(7)	(7)	Common Stock	48	$0	6,189.08	D
Restricted Stock Units	(1)(8)	11/24/2025		A		66.46(12)		(8)	(8)	Common Stock	66.46	$0	8,569.55	D
Restricted Stock Units	(1)(9)	11/24/2025		A		49.13(12)		(9)	(9)	Common Stock	49.13	$0	6,334.15	D
Restricted Stock Units	(1)(10)	11/24/2025		A		71.46(12)		(10)	(10)	Common Stock	71.46	$0	9,213.35	D
Restricted Stock Units	(1)(10)	11/24/2025		A		22.89(12)		(11)	(11)	Common Stock	22.89	$0	2,951.89	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.

12. 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/ Kathleen C. Haines	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).
** 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 insider transaction did Genco Shipping & Trading Ltd (GNK) report?

The company reported that a director received multiple grants of restricted stock units (RSUs) on November 24, 2025, all tied to Genco common stock and recorded at a price of $0 as equity compensation.

Who is the reporting person in this Genco (GNK) Form 4 filing?

The reporting person is identified as a director of Genco Shipping & Trading Ltd and is filing the form as a single reporting person with direct ownership of the reported RSUs.

How do the Genco (GNK) restricted stock units in this filing work?

Each RSU represents the right to receive one share of Genco common stock, or, at the Compensation Committee’s discretion, the cash value of one share on the vesting date, as described in the response notes.

Why were additional Genco (GNK) RSUs granted on November 24, 2025?

The filing explains that certain additional RSUs were granted in lieu of cash dividends on the underlying common stock, with the number of RSUs calculated by dividing the dividend amount by the closing share price on the dividend payment date.

When do the Genco (GNK) RSUs mentioned in this Form 4 vest?

Some RSUs referenced in the filing vested on dates between May 15, 2018 and May 20, 2025, while others generally vest on the earlier of the next annual shareholders meeting or specific dates in July 2026.

What special RSU grant is tied to the Lead Independent Director role at Genco (GNK)?

The filing notes RSUs granted in connection with the reporting person’s appointment as Lead Independent Director, which generally vest on the earlier of the annual shareholders meeting following the November 10, 2025 grant date or July 20, 2026.

Are the Genco (GNK) RSUs in this Form 4 open-market purchases?

No. The reported RSUs are equity awards and dividend-equivalent RSUs granted at a price of $0, not open-market stock purchases or sales.