Orsel Karin Y 4

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.