Genco Shipping (GNK) Director Kathleen Haines Receives RSU Awards

What Happened

• Kathleen C. Haines, a director of Genco Shipping & Trading Ltd. (GNK), was the recipient of multiple restricted stock unit (RSU) awards on August 24, 2026. The filing lists twelve separate RSU grants totaling 3,395.71 RSUs. Each RSU represents the right to one share (or cash value) and the awards were reported with an acquisition price of $0 (code A — award/grant, a derivative transaction).

Key Details

• Transaction date: August 24, 2026; Form 4 filed August 26, 2026 (timely within the Form 4 deadline).
• Price: $0 per RSU (awarded, not purchased or sold).
• Total awarded: 3,395.71 RSUs across 12 entries.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F1: Each RSU equals one share or the cash value at vesting.
  • F10: Some RSUs referenced vested on June 18, 2026.
  • F11–F12: Certain director RSUs generally vest on the earlier of the next annual shareholders’ meeting following the June 18, 2026 grant date or August 18, 2027.
  • F13: Some RSUs are additional dividend-equivalent RSUs calculated using a trailing VWAP method.
  • F2–F9: Other RSUs referenced in the filing show prior vesting dates (2018–2025).
• Transaction code: A (award/grant). No sales or purchases reported in this filing.

Context

• RSU awards are derivative compensation — they don’t involve an open‑market buy or sell when granted; they convert to shares (or cash) only when they vest. Director RSU grants are common as routine compensation; they are not the same signal as an open‑market purchase by an insider. This filing does not indicate immediate sale of underlying shares.