GENCO (GNK) Director Karin Orsel Receives RSU Awards

What Happened
Karin Y. Orsel, a director of GENCO Shipping & Trading Ltd (GNK), was granted/received six restricted stock unit (RSU) awards on August 24, 2026. The six derivative transactions total 1,405.34 RSUs (255.34; 199.63; 276.41; 204.31; 297.18; 172.47), each recorded at $0.00 acquisition price. RSUs are compensation awards that give the holder the right to receive one share (or, at the issuer’s discretion, the cash value of a share) when the units vest.

Key Details

• Transaction date: August 24, 2026; Form 4 filed August 26, 2026 (appears timely).
• Per-tranche amounts (all $0.00 acquisition price): 255.34; 199.63; 276.41; 204.31; 297.18; 172.47 — total 1,405.34 RSUs.
• Transaction type/code: A = Grant/award (derivative RSUs).
• Footnotes of note:
  • F1: Each RSU = right to one share or cash value at vesting.
  • F2–F6: Indicate that certain RSU tranches vested on May 16, 2022; May 16, 2023; May 23, 2024; May 20, 2025; and June 18, 2026, respectively.
  • F7: One tranche generally vests on the earlier of the next annual shareholders meeting after June 18, 2026 or 14 months after the grant date.
  • F8: Some RSUs reflect additional units issued in lieu of cash dividends on underlying shares.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• No indication in the provided filing of a 10b5‑1 plan, sale, cashless exercise, or tax‑withholding sale.

Context
These were compensation RSU grants/awards, not open‑market purchases or sales. RSUs convert to actual shares (or cash) only upon vesting; several tranches already show past vesting dates per the footnotes and at least one tranche has a future vesting condition. For retail investors, compensation awards are routine and reflect company pay practices rather than direct buying/selling conviction.