Orsel Karin Y 4
4 · GENCO SHIPPING & TRADING LTD · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
GNK Director Karin Y. Orsel Receives RSU Awards
What Happened
Karin Y. Orsel, a director of Genco Shipping & Trading Ltd. (GNK), was awarded five restricted stock unit (RSU) grants on May 26, 2026. The awards were reported as derivative acquisitions at $0.00 per unit and consist of: 115.67, 90.43, 125.21, 92.55, and 134.62 RSUs — a total of 558.48 RSUs. These RSUs represent the right to receive one share per vested RSU (or cash in lieu, at the Compensation Committee’s discretion).
Key Details
- Transaction date: May 26, 2026; filing date: May 28, 2026 (report appears timely).
- Price: $0.00 per RSU (derivative award, code A).
- Total awarded: 558.48 RSUs (will convert to shares or cash upon vesting per plan).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Each RSU equals the right to one common share or cash value at vesting.
- F2–F5: Some RSUs referenced vested on prior dates (May 16, 2022; May 16, 2023; May 23, 2024; May 20, 2025).
- F6: Some RSUs have an additional vesting condition tied to the next annual shareholders’ meeting or 14 months after the grant.
- F7: Additional RSUs may reflect dividend equivalents credited in RSU form.
Context
RSUs are grants of future shares (or cash) that become payable when they vest; this is not an open-market purchase or sale. Awards at $0 cost are standard for equity compensation and do not necessarily signal immediate bullish or bearish trading intent. For retail investors, RSU grants are a form of compensation alignment with shareholders but should be considered alongside other insider trades and company fundamentals.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F7]2026-05-26+115.67→ 8,209.28 total→ Common Stock (115.67 underlying) - Award
Restricted Stock Units
[F1][F3][F7]2026-05-26+90.43→ 6,418.09 total→ Common Stock (90.43 underlying) - Award
Restricted Stock Units
[F1][F4][F7]2026-05-26+125.21→ 8,886.65 total→ Common Stock (125.21 underlying) - Award
Restricted Stock Units
[F1][F5][F7]2026-05-26+92.55→ 6,568.53 total→ Common Stock (92.55 underlying) - Award
Restricted Stock Units
[F1][F6][F7]2026-05-26+134.62→ 9,554.27 total→ Common Stock (134.62 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 30-trading day trailing volume-weighted average price per share of the issuer's common stock on the dividend payment date.