Das Paramita 4

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

AI-generated summary of this filing

Updated Jun 24, 2026

Genco (GNK) Director Das Paramita Exercises RSUs, Receives Award

What Happened

Das Paramita, a director of Genco Shipping & Trading Ltd (GNK), converted vested restricted stock units (RSUs) and received an RSU grant on June 18, 2026. The filing reports three related transactions totaling 24,653.27 shares (9,554; 9,554.27; and 5,545), all recorded with a $0 per-share acquisition price because they were RSU settlements. Fractional shares are settled in cash per the footnotes.
This is not an open-market buy or sale but the settlement/conversion of equity awards (award/derivative activity), so it’s a compensation/vesting event rather than a directional purchase or liquidation.

Key Details

Transaction date(s): June 18, 2026 (one group of RSUs noted as vested May 20, 2025 in a footnote).
Reported transactions: Exercise/conversion of derivatives (code M) for 9,554 and 9,554.27 shares, and a grant/award (code A) for 5,545 shares; all reported at $0.00 per share (total reported $0).
Shares acquired: 24,653.27 (fractional share(s) to be paid in cash).
Shares owned after transaction: Not specified in the filing.
Notable footnotes: RSUs convert one-for-one to common stock; fractional shares are paid in cash (F1–F4). Some RSUs vested earlier (May 20, 2025) and some vested or were granted on June 18, 2026; future vesting schedule tied to next annual meeting or 14 months after grant (F5).
Timeliness: Transaction date June 18, 2026; Form 4 filed June 23, 2026 — the filing occurred five days after the transaction and appears late relative to the usual two-business-day Form 4 reporting window.

Context

These entries reflect conversion/settlement of RSUs (equity compensation) rather than purchases or sales. RSU settlements do not necessarily signal insider buying or selling intent.
No immediate cashless sale or open-market disposition is reported in this filing.

Form 4

Period: 2026-06-18

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-18+9,554→ 9,554 total
Exercise/Conversion
Restricted Stock Units
[F1][F2][F4]
2026-06-18+9,554.27→ 0 total
→ Common Stock (9,554.27 underlying)
Award
Restricted Stock Units
[F2][F5]
2026-06-18+5,545→ 5,545 total
→ Common Stock (5,545 underlying)

Holdings

Footnotes (5)

[F1]The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units ("RSUs") upon their vesting as elected by the Reporting Person. RSUs convert into common stock on a one-for-one basis with fractional shares settled in cash.
[F2]Each 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.
[F3]These RSUs vested on May 20, 2025.
[F4]These RSUs vested on June 18, 2026.
[F5]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.

Signature

/s/ Paramita Das|2026-06-23

1 file