SEC Form 4 · accession 0001140361-26-034518
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karin Y Orsel
Director
Period of report
Aug 24, 2026
Accepted (ET)
Aug 26, 2026 · 9:00 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001326200
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF8,F1,F2 | — | Aug 24, 2026 | A | 255 | A | — | — | Common Stock | 255 | 8,465 | D |
| Restricted Stock UnitsF8,F1,F3 | — | Aug 24, 2026 | A | 200 | A | — | — | Common Stock | 200 | 6,618 | D |
| Restricted Stock UnitsF8,F1,F4 | — | Aug 24, 2026 | A | 276 | A | — | — | Common Stock | 276 | 9,163 | D |
| Restricted Stock UnitsF8,F1,F5 | — | Aug 24, 2026 | A | 204 | A | — | — | Common Stock | 204 | 6,773 | D |
| Restricted Stock UnitsF8,F1,F6 | — | Aug 24, 2026 | A | 297 | A | — | — | Common Stock | 297 | 9,851 | D |
| Restricted Stock UnitsF8,F1,F7 | — | Aug 24, 2026 | A | 172 | A | — | — | Common Stock | 172 | 5,717 | D |
Explanation of responses
- F1Each 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.
- F2These RSUs vested on May 16, 2022.
- F3These RSUs vested on May 16, 2023.
- F4These RSUs vested on May 23, 2024.
- F5These RSUs vested on May 20, 2025.
- F6These RSUs vested on June 18, 2026.
- F7These 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.
- F8Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the 30-trading day trailing volume-weighted average price per share of the issuer's common stock on the dividend payment date.