Genco Shipping (GNK) Director Arthur Regan Receives RSU Awards

What Happened
Arthur L. Regan, a director of Genco Shipping & Trading Ltd. (GNK), was awarded/received a total of 1,405.34 restricted stock units (RSUs) on August 24, 2026. The filing lists six separate RSU items (255.34, 199.63, 276.41, 204.31, 297.18 and 172.47 RSUs), each recorded at $0.00 (derivative awards). RSUs are a form of equity compensation that represent the right to receive one share of GNK common stock (or cash equivalent) per unit under the company’s RSU agreements.

Key Details

• Transaction date: August 24, 2026; Form 4 filed Aug 26, 2026. No late filing is indicated in the provided excerpt.
• Grant details (all A = Award/Grant, acquired at $0.00):
  • 255.34 RSUs
  • 199.63 RSUs
  • 276.41 RSUs
  • 204.31 RSUs
  • 297.18 RSUs
  • 172.47 RSUs
  • Total: 1,405.34 RSUs (derivative awards)
• Shares owned after the transaction: not provided in the supplied excerpt.
• Relevant footnotes from the filing:
  • F1: Each RSU equals the right to one share (or cash value at vesting).
  • F2–F7: The RSUs relate to awards with vesting dates listed as May 17, 2017; May 16, 2022; May 16, 2023; May 23, 2024; May 20, 2025; and June 18, 2026, respectively.
  • F8: For the June 18, 2026 grant, RSUs generally vest on the earlier of the next annual shareholders’ meeting or 14 months after grant.
  • F9: Some RSUs represent additional units issued in lieu of cash dividends on underlying RSUs (dividend equivalents calculated using a trailing VWAP method).

Context
These were awards/vestings of RSUs (derivative compensation), not open-market purchases or sales. Such grants are routine forms of director compensation and do not by themselves indicate a trading view of the stock. RSUs convert to shares (or cash) according to the plan’s vesting and settlement rules; dividend-equivalent RSUs (F9) simply compensate for dividends on underlying RSUs.