REGAN ARTHUR L 4

What Happened
Regan Arthur L, a director of GENCO SHIPPING & TRADING LTD (GNK), was granted five restricted stock unit (RSU) awards on March 18, 2026 totaling 855.85 RSUs (177.26; 138.58; 191.88; 141.83; 206.30). Each award is a derivative right to receive one share of GNK common stock (or, at the Compensation Committee’s discretion, the cash value of a share) upon vesting. The awards were reported with a $0 per-unit acquisition price on the Form 4 (i.e., no cash paid at grant).

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed within the normal two-business-day window).
• Awards: five RSU grants totaling 855.85 RSUs (listed individually: 177.26; 138.58; 191.88; 141.83; 206.30). Reported acquisition price: $0 (derivative award).
• Shares owned after transaction: not disclosed in the provided filing summary.
• Relevant footnotes:
  • F1: Each RSU converts to one common share or cash equal to a share’s value on vesting.
  • F2–F6: Reference prior RSUs that vested on specified past dates.
  • F7: Describes typical vesting timing for certain RSUs (earlier of next annual meeting after May 20, 2025 grant date or 14 months after grant).
  • F8: Some RSUs may be additional units issued as dividend equivalents (issued instead of cash dividends).
• Filing timeliness: Filed March 20 for a March 18 transaction — appears timely (not noted as late).

Context
RSU grants are compensation awards, not open-market purchases or sales. They represent a future right to receive shares (or cash) if and when the units vest under the stated terms. Such grants are common director/executive compensation and do not by themselves indicate immediate buying or selling activity; retail investors typically treat purchases as a stronger direct signal of insider confidence, while awards are primarily compensation-related.