Orsel Karin Y 4

4 · GENCO SHIPPING & TRADING LTD · Filed Mar 20, 2026

AI-generated summary of this filing

Updated Mar 21, 2026

GENCO SHIPPING (GNK) Dir. Orsel Karin Y Receives 855.85 RSUs

What Happened

Director Orsel Karin Y received five grants of restricted stock units (RSUs) on 2026-03-18, for a total of 855.85 RSUs (177.26; 138.58; 191.88; 141.83; 206.30). Each grant is reported at $0.00 because these are equity awards/derivative grants rather than open‑market purchases. Under the RSU terms, each RSU represents the right to receive one share of common stock (or cash in the Compensation Committee’s discretion) upon vesting.

Key Details

Transaction date: March 18, 2026; filing date: March 20, 2026 (filed within the typical 2-business-day Form 4 window).
Price: $0.00 per RSU (award/grant; no cash paid at grant).
Grant breakdown: 177.26; 138.58; 191.88; 141.83; 206.30 RSUs — total 855.85 RSUs.
Shares owned after transaction: not specified in the provided filing excerpt.
Relevant footnotes from the filing:
- F1: Each RSU = right to one common share or cash at vesting.
- F2–F5: Certain referenced RSUs previously vested on May 16, 2022; May 16, 2023; May 23, 2024; and May 20, 2025.
- F6: Some RSUs vest on the earlier of the next annual shareholders meeting after May 20, 2025 or 14 months after the grant date.
- F7: Some RSUs were additional awards granted in lieu of cash dividends on underlying RSUs (dividend equivalents).
No indication this was a sale, gift, or option exercise—this is an equity compensation award.

Context

RSU grants are compensation or dividend-equivalent awards, not purchases with personal cash; they represent future shares only after vesting and thus are not the same signal as an open‑market purchase.
Additional RSUs granted in lieu of dividends simply reflect dividend-equivalent adjustments to existing RSU holdings.
The filing appears timely (filed two days after the transaction date).

Form 4

Period: 2026-03-18

Director

Transactions

Award
Restricted Stock Units
[F1][F2][F7]
2026-03-18+177.26→ 8,093.61 total
→ Common Stock (177.26 underlying)
Award
Restricted Stock Units
[F1][F3][F7]
2026-03-18+138.58→ 6,327.66 total
→ Common Stock (138.58 underlying)
Award
Restricted Stock Units
[F1][F4][F7]
2026-03-18+191.88→ 8,761.44 total
→ Common Stock (191.88 underlying)
Award
Restricted Stock Units
[F1][F5][F7]
2026-03-18+141.83→ 6,475.98 total
→ Common Stock (141.83 underlying)
Award
Restricted Stock Units
[F1][F6][F7]
2026-03-18+206.3→ 9,419.65 total
→ Common Stock (206.3 underlying)

Footnotes (7)

[F1]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.
[F2]These RSUs vested on May 16, 2022.
[F3]These RSUs vested on May 16, 2023.
[F4]These RSUs vested on May 23, 2024.
[F5]These RSUs vested on May 20, 2025.
[F6]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.
[F7]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.

Signature

/s/ Karin Y. Orsel|2026-03-20

1 file