Joseph Adamo - 23 Feb 2026 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Accounting Officer
Signature
/s/ Joseph Adamo
Issuer symbol
GNK
Transactions as of
23 Feb 2026
Net transactions value
-$150,068
Form type
4
Filing time
23 Feb 2026, 21:15:48 UTC
Previous filing
18 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Adamo Joseph Chief Accounting Officer C/O GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK /s/ Joseph Adamo 23 Feb 2026 0001626933

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +2,806 +9.1% 33,578 23 Feb 2026 Direct F1
transaction GNK Common Stock Options Exercise +2,293 +6.8% 35,871 23 Feb 2026 Direct F1
transaction GNK Common Stock Options Exercise +2,557 +7.1% 38,428 23 Feb 2026 Direct F1
transaction GNK Common Stock Options Exercise +6,431 +17% 44,859 23 Feb 2026 Direct F1
transaction GNK Common Stock Sale $150,068 -6,340 -14% $23.67 38,519 23 Feb 2026 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNK Restricted Stock Units Options Exercise $0 -2,806 -33% $0.000000 5,612 23 Feb 2026 Common Stock 2,806 Direct F1, F4, F6
transaction GNK Restricted Stock Units Options Exercise $0 -2,293 -50% $0.000000 2,293 23 Feb 2026 Common Stock 2,293 Direct F1, F4, F7
transaction GNK Restricted Stock Units Options Exercise $0 -2,557 -100% $0.000000 0 23 Feb 2026 Common Stock 2,557 Direct F1, F4, F8
transaction GNK Restricted Stock Units Options Exercise $0 -6,431 -100% $0.000000 0 23 Feb 2026 Common Stock 6,431 Direct F1, F4, F8
holding GNK Restricted Stock Units 6,215 23 Feb 2026 Common Stock 6,215 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
F2 These shares were sold under instructions given in a previously existing plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted stock units that vested on February 23, 2026.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.19 to $24.07 (inclusive) on February 23, 2026. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 Each restricted stock unit 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.
F5 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2026, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F6 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2025, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F7 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2024, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F8 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.