Das Paramita 4

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.