MAVROLEON BASIL G 4

What Happened

• Basil G. Mavroleon, a director of GENCO SHIPPING & TRADING LTD (GNK), was granted a total of 2,756.63 restricted stock units (RSUs) on March 18, 2026. Each line in the filing shows awards recorded at $0.00 because these are equity awards (derivatives), not open-market purchases or sales. The grant items are coded "A" (award/acquisition).

Key Details

• Transaction date: March 18, 2026; filing date: March 20, 2026 (filed within the typical 2-business-day Form 4 window).
• Aggregate RSUs granted: 2,756.63 shares (various separate awards listed in the filing).
• Reported price: $0.00 per RSU in the Form 4 (typical for awards; value realized depends on vesting and underlying share price).
• Shares owned after transaction: not specified in the supplied summary of the filing.
• Relevant footnotes:
  • F1: Each RSU represents the right to one share (or cash equivalent at the Compensation Committee's discretion) upon vesting.
  • F2–F11 list prior RSU vesting dates (2016–2025) for other grants; F12 describes a vesting schedule tied to the annual shareholders meeting or 14 months after grant; F13 notes some RSUs are dividend-equivalent additional RSUs.
• Transaction code meaning: A = Award/Grant.

Context

• These are RSU awards (derivative grants) rather than purchases or sales. RSUs convey a future right to receive shares (or cash) if and when they vest; they do not represent immediate open‑market buying (a stronger bullish signal) nor a sale.
• Some of the RSUs referenced in the filing have specific vesting histories or schedules (per the footnotes), and some awards represent dividend equivalents. The economic value to the insider will depend on vesting and the company’s share price at vesting.