MAVROLEON BASIL G 4

4 · GENCO SHIPPING & TRADING LTD · Filed Jun 23, 2026

AI-generated summary of this filing

Updated Jun 24, 2026

Genco (GNK) Director Basil G. Mavroleon Receives 5,545 Shares

What Happened

Director Basil G. Mavroleon reported an acquisition of 5,545 shares on June 18, 2026. The transaction is recorded as a derivative award (code A) at $0.00, reflecting restricted stock units (RSUs) that vested into common shares rather than a cash purchase.

Key Details

Transaction date: June 18, 2026; Filing date: June 23, 2026 (appears filed after the typical 2-business-day Form 4 deadline).
Reported price: $0.00 per share (RSU vesting/award conversion).
Shares acquired: 5,545 shares (via vested RSUs).
Shares owned after transaction: Not specified in the filing.
Relevant footnote(s): F1 explains each RSU converts to one share (or cash, at committee discretion); F12 states these RSUs vested on June 18, 2026. Other footnotes (F2–F11) list prior RSU vesting dates for context.
Transaction type: Award/vesting of RSUs (derivative conversion), not an open-market purchase or sale.

Context

This was a vesting/award event (RSUs converting to shares), so no cash outlay by the insider and it is not a sale. Such vesting events are common as part of executive/director compensation and do not by themselves signal buying or selling intent.
The filing was reported five days after the transaction date, which is later than the usual 2-business-day deadline for Form 4s; late filings are often administrative but can reduce the timeliness of disclosure for investors.

Form 4

Period: 2026-06-18

Director

Transactions

Award
Restricted Stock Units
[F1][F13]
2026-06-18+5,545→ 5,545 total
→ Common Stock (5,545 underlying)

Holdings

Common Stock
739
Restricted Stock Units
[F1][F2]
→ Common Stock (26.82 underlying)
1,903.28
Restricted Stock Units
[F1][F3]
→ Common Stock (383.97 underlying)
27,251.1
Restricted Stock Units
[F1][F4]
→ Common Stock (193.51 underlying)
13,733.47
Restricted Stock Units
[F1][F5]
→ Common Stock (109.57 underlying)
7,776.65
Restricted Stock Units
[F1][F6]
→ Common Stock (227.17 underlying)
16,122.38
Restricted Stock Units
[F1][F7]
→ Common Stock (299.31 underlying)
21,242.73
Restricted Stock Units
[F1][F8]
→ Common Stock (115.67 underlying)
8,209.28
Restricted Stock Units
[F1][F9]
→ Common Stock (90.43 underlying)
6,418.09
Restricted Stock Units
[F1][F10]
→ Common Stock (125.21 underlying)
8,886.65
Restricted Stock Units
[F1][F11]
→ Common Stock (92.55 underlying)
6,568.53
Restricted Stock Units
[F1][F12]
→ Common Stock (134.62 underlying)
9,554.27

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 vested on June 18, 2026.
[F13]These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the June 18, 2026 grant date and (ii) the date that is fourteen months after the grant 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.

Signature

/s/ Basil G. Mavroleon|2026-06-23

1 file