MAVROLEON BASIL G 4
4 · GENCO SHIPPING & TRADING LTD · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Genco (GNK) Director Basil G. Mavroleon Receives RSU Awards
What Happened
Director Basil G. Mavroleon received multiple grants/awards of restricted stock units (RSUs) on May 26, 2026. The filing lists eleven separate RSU awards totaling approximately 1,798.83 RSUs (individual amounts include 383.97, 299.31, 227.17, 193.51, 134.62, 125.21, 115.67, 92.55, 90.43, 109.57 and 26.82). Each award is reported as acquired at $0.00 per unit (derivative award), which is typical for RSU grants; the Form 4 shows no cash purchase or sale.
Key Details
- Transaction date: May 26, 2026 (Report filed May 28, 2026). Filing marked late (transactionTimeliness = 'L').
- Type: A = Grant/Award (derivative RSUs). Price reported: $0.00 per RSU. Total units awarded: ~1,798.83 RSUs.
- Shares owned after transaction: Not specified in the provided summary of the filing.
- Notable footnotes: F1 explains each RSU equals the right to one share (or cash value at vesting); F10–F11 note some RSUs vested on May 23, 2024 and May 20, 2025; F12 describes a vesting rule (earlier of next annual meeting or 14 months after grant); F13 covers additional RSUs issued in lieu of cash dividends. Several other footnotes (F2–F9) reference past vesting dates for earlier grants.
- No indication in this filing of immediate sale, tax-withholding shares surrendered, a 10b5-1 plan, or other disposition.
Context
These are equity compensation awards, not open-market purchases or sales. RSUs are derivative awards that convert to shares (or cash) upon vesting according to the terms noted in the footnotes; they do not necessarily signal buying or selling intent. The filing was marked late, which delays public disclosure of the awards by the insider.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F13]2026-05-26+26.82→ 1,903.28 total→ Common Stock (26.82 underlying) - Award
Restricted Stock Units
[F1][F3][F13]2026-05-26+383.97→ 27,251.1 total→ Common Stock (383.97 underlying) - Award
Restricted Stock Units
[F1][F4][F13]2026-05-26+193.51→ 13,733.47 total→ Common Stock (193.51 underlying) - Award
Restricted Stock Units
[F1][F5][F13]2026-05-26+109.57→ 7,776.65 total→ Common Stock (109.57 underlying) - Award
Restricted Stock Units
[F1][F6][F13]2026-05-26+227.17→ 16,122.38 total→ Common Stock (227.17 underlying) - Award
Restricted Stock Units
[F1][F7][F13]2026-05-26+299.31→ 21,242.73 total→ Common Stock (299.31 underlying) - Award
Restricted Stock Units
[F1][F8][F13]2026-05-26+115.67→ 8,209.28 total→ Common Stock (115.67 underlying) - Award
Restricted Stock Units
[F1][F9][F13]2026-05-26+90.43→ 6,418.09 total→ Common Stock (90.43 underlying) - Award
Restricted Stock Units
[F1][F10][F13]2026-05-26+125.21→ 8,886.65 total→ Common Stock (125.21 underlying) - Award
Restricted Stock Units
[F1][F11][F13]2026-05-26+92.55→ 6,568.53 total→ Common Stock (92.55 underlying) - Award
Restricted Stock Units
[F1][F12][F13]2026-05-26+134.62→ 9,554.27 total→ Common Stock (134.62 underlying)
- 739
Common Stock
Footnotes (13)
- [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 RSU vests.
- [F10]These RSUs vested on May 23, 2024.
- [F11]These RSUs vested on May 20, 2025.
- [F12]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.
- [F13]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.
- [F2]These RSUs vested on May 18, 2016.
- [F3]These RSUs vested on May 17, 2017.
- [F4]These RSUs vested on May 15, 2018.
- [F5]These RSUs vested on May 15, 2019.
- [F6]These RSUs vested on July 15, 2020.
- [F7]These RSUs vested on May 13, 2021.
- [F8]These RSUs vested on May 16, 2022.
- [F9]These RSUs vested on May 16, 2023.