Genco Shipping & Trading Ltd SEC Filings

James G. Dolphin, a director of GENCO SHIPPING & TRADING LTD (GNK), ceased board service on August 26, 2025 and became entitled to receive previously granted restricted stock units (RSUs) that converted one-for-one into common stock (fractional shares settled in cash). These RSUs vested on various prior dates from July 17, 2015 through May 20, 2025, with one tranche accelerated immediately before his departure. The Form 4 reports a series of share issuances on August 26, 2025, resulting in 155,006 shares shown as beneficially owned following the reported transactions. The filing states no new equity awards were granted in connection with his departure.

GENCO SHIPPING & TRADING LIMITED (GNK) filed a Current Report on Form 8-K reporting a corporate governance amendment. The report indicates an event date of August 25, 2025 (reported August 27, 2025) and lists as an exhibit a Fifth Amendment to the Amended and Restated By-Laws dated August 26, 2025. The registrant is organized in the Republic of the Marshall Islands and its common stock (GNK) trades on the New York Stock Exchange. The filing includes the cover page interactive data file and identifies Exhibit 3.1 as the by-law amendment document.

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.

Arthur L. Regan, a director of GENCO SHIPPING & TRADING LTD (GNK), filed a Form 4 reporting insider transactions dated 08/25/2025 and signed 08/26/2025. The filing shows a disposition of 104,414 shares of common stock. It also discloses restricted stock unit (RSU) activity: 16,666 RSUs previously vested (dated May 17, 2017) are reported as beneficially owned or disposed, and multiple RSU awards were recorded on 08/25/2025 that convert to underlying common stock amounts of 7,854.96, 6,141.08, 8,503.09, 6,285.02, and 9,141.89 shares respectively. The RSU explanations state vesting dates for prior grants (2017, 2022, 2023, 2024, 2025) and note that certain RSUs may be settled in cash or stock and include additional RSUs issued in lieu of dividends.

Kathleen C. Haines, a director of Genco Shipping & Trading Ltd (GNK), reported the vesting and resulting receipt of multiple restricted stock units (RSUs). On 08/25/2025 the filing records the acquisition (vesting) of nine RSU tranches that convert into common stock or equivalent value. Each vested tranche is shown with the number of common shares credited following the transaction: 115.54, 65.42, 135.64, 178.71, 69.06, 54, 74.76, 55.26, and 80.38 shares, corresponding to 13,140.7; 7,441; 15,426.51; 20,325.85; 7,854.96; 6,141.08; 8,503.09; 6,285.02; and 9,141.89 shares reported as beneficially owned following each vested tranche. The RSUs reflect prior grants that vested on specified dates between 2018 and 2025, and include additional RSUs granted in lieu of dividend cash payments as described in the explanations. The form is signed by Kathleen C. Haines on 08/26/2025.

James G. Dolphin, a director of GENCO SHIPPING & TRADING LTD (GNK), reported changes in beneficial ownership on Form 4. The filing shows multiple grants of Restricted Stock Units (RSUs) recorded as acquisitions on 08/25/2025. Each RSU represents the right to receive one share of common stock (or cash at the Compensation Committee's discretion). The RSUs listed vested on various prior dates from July 17, 2015 through May 20, 2025, and additional RSUs were credited to reflect dividends. Following these reported acquisitions Mr. Dolphin beneficially owned approximately 155,011 shares-equivalent of common stock resulting from vested RSUs.

Karin Y. Orsel, a director of GENCO SHIPPING & TRADING LTD (GNK), reported the acquisition of restricted stock units (RSUs) that vested and converted into shares on August 25, 2025. The Form 4 shows five separate RSU entries acquired on that date, each recorded as acquisitions at $0 because they represent vested awards rather than purchased stock. The entries reflect additional fractional RSUs issued to capture dividend equivalents. Individual post-transaction beneficial ownership figures are 7,854.96, 6,141.08, 8,503.09, 6,285.02, and 9,141.89 shares, held directly. The reporting person signed the form on 08/26/2025. The filing documents routine compensation-related vesting events and dividend-equivalent adjustments.

Basil G. Mavroleon, a director of Genco Shipping & Trading Ltd (GNK), reported routine changes in beneficial ownership on Form 4 dated 08/26/2025 reflecting transactions on 08/25/2025. The filing shows a disposition of 739 shares of common stock and multiple restricted stock unit (RSU)-related transactions recorded as acquisitions (vesting/conversion) with zero dollar price, representing the receipt of shares underlying vested RSUs granted in prior years (2016–2025). The RSU entries list tranche-by-tranche underlying share amounts (from 54 to 1,821.13) and aggregate beneficially owned share amounts following each reported acquisition line. Explanatory notes state each RSU converts to one common share or cash at the Compensation Committee’s discretion and that some RSUs were granted in lieu of dividend cash.