Orsel Karin Y 4

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.