HAINES KATHLEEN C 4

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.