REGAN ARTHUR L 4
4 · GENCO SHIPPING & TRADING LTD · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
GENCO (GNK) Director Regan Receives 855.85 RSUs
What Happened
Regan Arthur L, a director of GENCO SHIPPING & TRADING LTD (GNK), was granted five restricted stock unit (RSU) awards on March 18, 2026 totaling 855.85 RSUs (177.26; 138.58; 191.88; 141.83; 206.30). Each award is a derivative right to receive one share of GNK common stock (or, at the Compensation Committee’s discretion, the cash value of a share) upon vesting. The awards were reported with a $0 per-unit acquisition price on the Form 4 (i.e., no cash paid at grant).
Key Details
- Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed within the normal two-business-day window).
- Awards: five RSU grants totaling 855.85 RSUs (listed individually: 177.26; 138.58; 191.88; 141.83; 206.30). Reported acquisition price: $0 (derivative award).
- Shares owned after transaction: not disclosed in the provided filing summary.
- Relevant footnotes:
- F1: Each RSU converts to one common share or cash equal to a share’s value on vesting.
- F2–F6: Reference prior RSUs that vested on specified past dates.
- F7: Describes typical vesting timing for certain RSUs (earlier of next annual meeting after May 20, 2025 grant date or 14 months after grant).
- F8: Some RSUs may be additional units issued as dividend equivalents (issued instead of cash dividends).
- Filing timeliness: Filed March 20 for a March 18 transaction — appears timely (not noted as late).
Context
RSU grants are compensation awards, not open-market purchases or sales. They represent a future right to receive shares (or cash) if and when the units vest under the stated terms. Such grants are common director/executive compensation and do not by themselves indicate immediate buying or selling activity; retail investors typically treat purchases as a stronger direct signal of insider confidence, while awards are primarily compensation-related.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F3][F8]2026-03-18+177.26→ 8,093.61 total→ Common Stock (177.26 underlying) - Award
Restricted Stock Units
[F1][F4][F8]2026-03-18+138.58→ 6,327.66 total→ Common Stock (138.58 underlying) - Award
Restricted Stock Units
[F1][F5][F8]2026-03-18+191.88→ 8,761.44 total→ Common Stock (191.88 underlying) - Award
Restricted Stock Units
[F1][F6][F8]2026-03-18+141.83→ 6,475.98 total→ Common Stock (141.83 underlying) - Award
Restricted Stock Units
[F1][F7][F8]2026-03-18+206.3→ 9,419.65 total→ Common Stock (206.3 underlying)
- 104,414
Common Stock
- 16,666
Restricted Stock Units
[F1][F2]→ Common Stock (16,666 underlying)
Footnotes (8)
- [F1]Each 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.
- [F2]These RSUs vested on May 17, 2017.
- [F3]These RSUs vested on May 16, 2022.
- [F4]These RSUs vested on May 16, 2023.
- [F5]These RSUs vested on May 23, 2024.
- [F6]These RSUs vested on May 20, 2025.
- [F7]These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 20, 2025 grant date and (ii) the date that is fourteen months after the grant date.
- [F8]Represents 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 closing price per share of the issuer's common stock on the dividend payment date.