Das Paramita 4

4 · GENCO SHIPPING & TRADING LTD · Filed May 28, 2026

AI-generated summary of this filing

Updated May 28, 2026

Genco Shipping (GNK) Director Paramita Das Receives RSU Award

What Happened

Paramita Das, a director of GENCO SHIPPING & TRADING LTD (GNK), was the recipient of two RSU awards recorded on May 26, 2026: 92.55 RSUs and 134.62 RSUs, for a total of 227.17 RSUs. Each award is reported at $0.00 (award/derivative entry), meaning no cash was paid — these are equity awards that convert to shares or cash at vesting.

Key Details

Transaction type: A (Grant/award or other acquisition of derivative securities — RSUs).
Transaction date(s): 2026-05-26 (period of report 2026-05-26).
Shares/units: 92.55 RSUs and 134.62 RSUs (total 227.17 RSUs) reported as acquired at $0.00 per unit.
Shares owned after transaction: Not specified in the provided filing details.
Filing timeliness: Report filed 2026-05-28 for transactions on 2026-05-26 (appears timely).
Relevant footnotes from the filing:
- F1: Each RSU represents the right to receive one common share or, at the Compensation Committee’s discretion, the cash value of a share when the RSU vests.
- F2: Some of these RSUs are noted as having vested on May 20, 2025.
- F3: Other RSUs generally vest either at the next annual shareholder meeting after the May 20, 2025 grant date or 14 months after the grant date.
- F4: Some RSUs were issued as additional units in lieu of cash dividends (dividend equivalents), calculated using a trailing VWAP.

Context

These are equity compensation awards (RSUs), not open-market purchases or sales, so they do not directly signal a buy/sell decision by the insider. RSUs convert to shares (or cash) only upon vesting, per the agreement terms. Some units here are dividend-equivalent RSUs and some are subject to different vesting timing (including references to units that vested in May 2025).

Form 4

Period: 2026-05-26

Director

Transactions

Award
Restricted Stock Units
[F1][F2][F4]
2026-05-26+92.55→ 6,568.53 total
→ Common Stock (92.55 underlying)
Award
Restricted Stock Units
[F1][F3][F4]
2026-05-26+134.62→ 9,554.27 total
→ Common Stock (134.62 underlying)

Footnotes (4)

[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 20, 2025.
[F3]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.
[F4]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.

Signature

/s/ Paramita Das|2026-05-28

1 file