Das Paramita 4

What Happened
Das Paramita, a director of GENCO SHIPPING & TRADING LTD (GNK), received two grants of restricted stock units (RSUs) reported as acquisitions on 2026-03-18: 141.83 RSUs and 206.30 RSUs (total 348.13 RSUs). Each grant was recorded at $0.00 per unit (these are equity awards, not cash purchases or sales).

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (appears timely).
• Grant amounts: 141.83 RSUs and 206.30 RSUs; price per unit: $0.00 (awarded).
• Total RSUs awarded: 348.13.
• Shares held after the transaction: not specified in the provided filing.
• Footnotes of note:
  • F1: Each RSU converts to one common share (or cash at the Compensation Committee’s discretion) upon vesting.
  • F2: One set of RSUs is noted as having vested on May 20, 2025.
  • F3: The other RSUs generally vest at the next annual shareholders meeting after May 20, 2025 or 14 months after the grant date.
  • F4: Some RSUs are additional units issued in lieu of cash dividends (dividend equivalents), calculated based on dividend amount and share price.
• Transaction type: Award/Grant (SEC code A); this is a derivative-equity award, not an open-market buy or sale.

Context
RSU grants are a common form of executive/director compensation and do not represent a market purchase or sale. Vesting schedules and dividend-equivalent RSUs determine when they convert into actual shares (and potential saleable stock). Because one tranche is already noted as vested (per the footnote) and another vests based on upcoming corporate events, the timing when these RSUs convert to shares (and any subsequent sales) will determine any future insider buying/selling signals.