Das Paramita 4

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).