HAINES KATHLEEN C 4
4 · GENCO SHIPPING & TRADING LTD · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Genco (GNK) Director Kathleen Haines Receives RSU Award
What Happened
Kathleen C. Haines, a director of Genco Shipping & Trading Ltd. (GNK), was credited with two RSU transactions on June 18, 2026: 2,054 restricted stock units that vested and 5,545 RSUs granted as an annual director award. Both transactions show a $0 acquisition price (derivative awards), totaling 7,599 RSUs recorded on the Form 4.
Key Details
- Transaction date: 2026-06-18; Filing date: 2026-06-23 (appears filed after the transaction date).
- Prices: $0.00 per RSU (awards/derivative transactions).
- Shares acquired: 2,054 RSUs vested (per footnote); 5,545 RSUs newly granted (annual director award).
- Footnotes of note: F1 explains each RSU converts to one share (or cash at the committee's discretion); F10 states the 2,054 RSUs vested on June 18, 2026; F11/F12 describe the annual director RSU grant and typical vesting (earlier of next annual meeting or Aug 18, 2027).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Form filed June 23 for a June 18 transaction—this appears later than the typical 2-business‑day Form 4 reporting window.
Context
Restricted stock units (RSUs) are compensation awards that convert into shares (or sometimes cash) upon vesting; they are not open-market purchases or sales and don’t necessarily signal buying/selling intent. Here, one RSU award vested (resulting in the right to shares) and another was an annual grant subject to future vesting conditions. These are routine director compensation actions rather than market purchases.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F11]2026-06-18+2,054→ 2,054 total→ Common Stock (2,054 underlying) - Award
Restricted Stock Units
[F1][F12]2026-06-18+5,545→ 5,545 total→ Common Stock (5,545 underlying)
- 13,733.47
Restricted Stock Units
[F1][F2]→ Common Stock (193.51 underlying) - 7,776.65
Restricted Stock Units
[F1][F3]→ Common Stock (109.57 underlying) - 16,122.38
Restricted Stock Units
[F1][F4]→ Common Stock (227.17 underlying) - 21,242.73
Restricted Stock Units
[F1][F5]→ Common Stock (299.31 underlying) - 8,209.28
Restricted Stock Units
[F1][F6]→ Common Stock (115.67 underlying) - 6,418.09
Restricted Stock Units
[F1][F7]→ Common Stock (90.43 underlying) - 8,886.65
Restricted Stock Units
[F1][F8]→ Common Stock (125.21 underlying) - 6,568.53
Restricted Stock Units
[F1][F9]→ Common Stock (92.55 underlying) - 9,554.27
Restricted Stock Units
[F1][F10]→ Common Stock (134.62 underlying) - 3,061.12
Restricted Stock Units
[F1][F10]→ 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 vested on June 18, 2026.
- [F11]Represents RSUs granted annually in connection with the Reporting Person's service 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 June 18, 2026 grant date and (ii) August 18, 2027 (the date that is fourteen months after the grant date).
- [F12]Represents RSUs granted annually to independent directors generally. 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) August 18, 2027 (the date that is fourteen months after the grant 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.