REGAN ARTHUR L 4
4 · GENCO SHIPPING & TRADING LTD · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
GENCO (GNK) Director Arthur Regan Receives 558 RSU Award
What Happened
Director Arthur L. Regan was granted five restricted stock unit (RSU) awards on May 26, 2026, recorded as derivative acquisitions (transaction code A). The five entries total 558.48 RSUs (115.67; 90.43; 125.21; 92.55; 134.62) at a reported price of $0. These RSUs represent the right to receive shares of GNK common stock (or cash in lieu) per the issuer's RSU terms.
Key Details
- Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (timely filing).
- Total awarded: 558.48 RSUs; reported acquisition price: $0 (derivative awards, not an open-market buy).
- Shares owned after transaction: Not specified in the filing.
- Relevant footnotes: F1—each RSU equals one share or cash at vest; F2–F6—some RSU components previously vested on May 17, 2017; May 16, 2022; May 16, 2023; May 23, 2024; and May 20, 2025; F7—one tranche vests based on the next annual meeting or 14 months after May 20, 2025 grant; F8—additional RSUs may reflect dividend equivalents.
- Filing shows awards/vesting activity (compensation-related), not purchases or sales.
Context
RSU grants are compensation/award transactions (derivative instruments) that give the holder a future right to receive shares (or cash) once vesting conditions are met. They are different from open-market buys (which can be interpreted as bullish) or sales (which may be liquidity events). The filing does not indicate any immediate sale of shares; it documents receipt/award of RSUs and some vesting history.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F3][F8]2026-05-26+115.67→ 8,209.28 total→ Common Stock (115.67 underlying) - Award
Restricted Stock Units
[F1][F4][F8]2026-05-26+90.43→ 6,418.09 total→ Common Stock (90.43 underlying) - Award
Restricted Stock Units
[F1][F5][F8]2026-05-26+125.21→ 8,886.65 total→ Common Stock (125.21 underlying) - Award
Restricted Stock Units
[F1][F6][F8]2026-05-26+92.55→ 6,568.53 total→ Common Stock (92.55 underlying) - Award
Restricted Stock Units
[F1][F7][F8]2026-05-26+134.62→ 9,554.27 total→ Common Stock (134.62 underlying)
- 104,414
Common Stock
- 16,666
Restricted Stock Units
[F1][F2]→ Common Stock (16,666 underlying)
Footnotes (8)
- [F1]Each 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 17, 2017.
- [F3]These RSUs vested on May 16, 2022.
- [F4]These RSUs vested on May 16, 2023.
- [F5]These RSUs vested on May 23, 2024.
- [F6]These RSUs vested on May 20, 2025.
- [F7]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.
- [F8]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 30-trading day trailing volume-weighted average price per share of the issuer's common stock on the dividend payment date.