Orsel Karin Y 4

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

AI-generated summary of this filing

Updated Jun 24, 2026

GENCO (GNK) Director Karin Orsel Receives 5,545 RSUs

What Happened

Karin Orsel, a director of GENCO SHIPPING & TRADING LTD (GNK), was credited with 5,545 restricted stock units (RSUs) reported as an award/acquisition on 2026-06-18. The Form 4 lists the acquisition price as $0.00, indicating these are compensation awards (derivative securities) rather than an open-market purchase.

Key Details

Transaction date: 2026-06-18; Form 4 filed: 2026-06-23.
Transaction type/code: A (Grant/Award — derivative securities).
Amount: 5,545 RSUs; reported price: $0.00 (awarded, not purchased).
Footnote highlights:
- F1: Each RSU represents the right to receive one share of common stock, or cash value at the Compensation Committee’s discretion upon vesting.
- F6: These specific RSUs vested on June 18, 2026.
- F7: Similar RSUs generally vest on the earlier of the next annual shareholder meeting after the grant or 14 months after grant.
- Other footnotes (F2–F5) show prior RSU vesting dates in 2022–2025, indicating recurring awards.
Shares owned after the transaction: not specified in the filing.
No tax withholding, sale, or 10b5-1 plan noted in the filing.

Context

This was a compensation-related RSU award/vesting (a derivative acquisition), a routine non-market transaction that reflects company pay practices rather than a direct vote of confidence or sale by the insider. RSUs convert to shares (or cash) per the terms noted; because F6 states these RSUs vested on 2026-06-18, the filing records the award/entitlement rather than an open-market trade.

Form 4

Period: 2026-06-18

Director

Transactions

Award
Restricted Stock Units
[F1][F7]
2026-06-18+5,545→ 5,545 total
→ Common Stock (5,545 underlying)

Holdings

Restricted Stock Units
[F1][F2]
→ Common Stock (115.67 underlying)
8,209.28
Restricted Stock Units
[F1][F3]
→ Common Stock (90.43 underlying)
6,418.09
Restricted Stock Units
[F1][F4]
→ Common Stock (125.21 underlying)
8,886.65
Restricted Stock Units
[F1][F5]
→ Common Stock (92.55 underlying)
6,568.53
Restricted Stock Units
[F1][F6]
→ Common Stock (134.62 underlying)
9,554.27

Footnotes (7)

[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.
[F2]These RSUs vested on May 16, 2022.
[F3]These RSUs vested on May 16, 2023.
[F4]These RSUs vested on May 23, 2024.
[F5]These RSUs vested on May 20, 2025.
[F6]These RSUs vested on June 18, 2026.
[F7]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/ Karin Y. Orsel|2026-06-23

1 file