HAINES KATHLEEN C 4
4 · GENCO SHIPPING & TRADING LTD · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
GENCO Shipping (GNK) Director Kathleen Haines Receives RSU Grant
What Happened
- Kathleen C. Haines, a director of GENCO Shipping & Trading Ltd. (GNK), was granted a series of restricted stock units (RSUs) on May 26, 2026. The filing shows ten derivative awards totaling 1,431.17 RSUs (acquired at $0.00 per unit). These are awards (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (filed two days after the transactions).
- Awards: Ten RSU grants totaling 1,431.17 RSUs (each RSU represents the right to one share or cash in lieu on vesting per footnote F1).
- Price/Value: $0.00 per RSU recorded in the filing (typical for equity awards reported as grants).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes:
- F1: Each RSU equals the right to one share or cash at vesting.
- F10/F11: These RSUs generally vest on the earlier of the next annual shareholders meeting after the grant date or July 20, 2026.
- F11 notes some RSUs relate to her appointment as Lead Independent Director.
- F12 indicates some RSUs may be dividend-equivalent additional RSUs.
- F2–F9 list prior RSU vesting dates for other grants (2018–2025).
- Timeliness: Filing appears timely (reported within two business days of the transaction).
Context
- These are derivative awards (RSUs) that convert to shares or cash upon vesting; they are not purchases or sales and do not by themselves indicate immediate buying or selling of stock. Vesting is typically the material event that converts RSUs into actual shares (or cash) per the noted schedules.
Insider Transaction Report
Form 4
HAINES KATHLEEN C
Director
Transactions
- Award
Restricted Stock Units
[F1][F2][F12]2026-05-26+193.51→ 13,733.47 total→ Common Stock (193.51 underlying) - Award
Restricted Stock Units
[F1][F3][F12]2026-05-26+109.57→ 7,776.65 total→ Common Stock (109.57 underlying) - Award
Restricted Stock Units
[F1][F4][F12]2026-05-26+227.17→ 16,122.38 total→ Common Stock (227.17 underlying) - Award
Restricted Stock Units
[F1][F5][F12]2026-05-26+299.31→ 21,242.73 total→ Common Stock (299.31 underlying) - Award
Restricted Stock Units
[F1][F6][F12]2026-05-26+115.67→ 8,209.28 total→ Common Stock (115.67 underlying) - Award
Restricted Stock Units
[F1][F7][F12]2026-05-26+90.43→ 6,418.09 total→ Common Stock (90.43 underlying) - Award
Restricted Stock Units
[F1][F8][F12]2026-05-26+125.21→ 8,886.65 total→ Common Stock (125.21 underlying) - Award
Restricted Stock Units
[F1][F9][F12]2026-05-26+92.55→ 6,568.53 total→ Common Stock (92.55 underlying) - Award
Restricted Stock Units
[F1][F10][F12]2026-05-26+134.62→ 9,554.27 total→ Common Stock (134.62 underlying) - Award
Restricted Stock Units
[F1][F11][F12]2026-05-26+43.13→ 3,061.12 total→ Common Stock (43.13 underlying)
Footnotes (12)
- [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.
- [F10]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) July 20, 2026 (the date that is fourteen months after the grant date).
- [F11]Represents RSUs granted in connection with the Reporting Person's appointment as Lead Independent Director of the Issuer's Board of Directors. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the November 10, 2025 grant date and (ii) July 20, 2026.
- [F12]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 15, 2018.
- [F3]These RSUs vested on May 15, 2019.
- [F4]These RSUs vested on July 15, 2020.
- [F5]These RSUs vested on May 13, 2021.
- [F6]These RSUs vested on May 16, 2022.
- [F7]These RSUs vested on May 16, 2023.
- [F8]These RSUs vested on May 23, 2024.
- [F9]These RSUs vested on May 20, 2025.
Signature
/s/ Kathleen C. Haines|2026-05-28