Christensen Jesper 4
4 · GENCO SHIPPING & TRADING LTD · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Genco (GNK) CCO Jesper Christensen Sells Shares, Receives Award
What Happened
Jesper Christensen, Chief Commercial Officer of Genco Shipping & Trading Ltd (GNK), had restricted stock units (RSUs) vest and sold a portion to cover taxes. The filing shows acquisitions of 24,863 RSUs (reported as a derivative acquisition on 2026-02-16) and 17,208 RSUs (acquired on 2026-02-18), for a total of 42,071 RSUs becoming payable upon vesting. On 2026-02-18 he sold 8,260 shares in open-market transactions at a weighted average price of $23.27, generating proceeds of $192,210. The RSU awards are reported as “A” (award/grant) and the sale is reported as “S” (sale).
Key Details
- Transaction dates: RSU vesting reported 2026-02-16 and 2026-02-18; sale executed 2026-02-18.
- Sale price: weighted average $23.27; individual sale prices ranged from $22.61 to $23.67. Proceeds reported: $192,210.
- Shares acquired: 24,863 (derivative RSU on 2/16) and 17,208 (on 2/18) — total 42,071 RSUs vested/entitled.
- Purpose of sale: the filing states the 8,260-share sale was made under a previously existing Rule 10b5‑1 plan to satisfy the reporting person's tax obligations related to the RSUs.
- RSU mechanics: each RSU generally represents the right to one share (or, at the issuer’s discretion, cash equal to the share value) and vest according to the schedules noted in the filing.
- Shares owned after transaction: not specified in this Form 4.
- Timeliness: Filing dated 2026-02-18 covering a 2026-02-16 vesting; the report appears timely (no late filing flag).
Context
- These transactions reflect RSU vesting (an award/compensation event) with a partial sell to cover tax obligations — a common, routine insider sale rather than an opportunistic bet on the stock. The filing includes a 10b5‑1 instruction for the sale, and the RSUs include standard multi-year vesting schedules and derivative reporting conventions.
Insider Transaction Report
Form 4
Christensen Jesper
Chief Commercial Officer
Transactions
- Award
Common Stock
[F1]2026-02-18+17,208→ 86,571 total - Sale
Common Stock
[F2][F3]2026-02-18$23.27/sh−8,260$192,210→ 78,311 total - Award
Restricted Stock Units
[F4][F5]2026-02-16+24,863→ 24,863 total→ Common Stock (24,863 underlying)
Holdings
- 30,303
Restricted Stock Units
[F4][F6]→ Common Stock (30,303 underlying) - 12,842
Restricted Stock Units
[F4][F7]→ Common Stock (12,842 underlying) - 6,135
Restricted Stock Units
[F4][F8]→ Common Stock (6,135 underlying) - 28,940
Restricted Stock Units
[F4][F9]→ Common Stock (28,940 underlying) - 12,270
Restricted Stock Units
[F4][F10]→ Common Stock (12,270 underlying)
Footnotes (10)
- [F1]The Reporting Person became entitled to receive shares of common stock in settlement of performance restricted stock units upon their vesting.
- [F10]These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F2]These shares were sold under instructions given in a previously existing plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for performance restricted stock units that vested on February 18, 2026.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.61 to $23.67 (inclusive) on February 18, 2026. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]Each restricted stock unit 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.
- [F5]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2026, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F6]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2025, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F7]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2024, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F8]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F9]These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
Signature
/s/ Jesper Christensen|2026-02-18