Genco Shipping CCO Christensen sells shares worth $617,686

Chief Commercial Officer of Genco Shipping & Trading LTD (NYSE:GNK), Jesper Christensen, sold a total of 34,202 shares of common stock on September 8, 2025, in a series of transactions valued at $617,686. The sales were executed at a price of $18.06 per share.

The transactions also included the exercise of stock options. Christensen exercised options to acquire 32,771 shares at $7.06 each, for a total value of $231363, and 13,472 shares at $9.91 each, for a total value of $133507. According to InvestingPro data, GNK currently has a market capitalization of $769 million and maintains a moderate debt level with strong liquidity ratios. InvestingPro subscribers have access to 12 additional key insights about GNK’s financial health and growth prospects.

Following these transactions, Christensen directly owns 69,363 shares of Genco Shipping & Trading LTD.

The price per share for one of the sales ranged from $17.97 to $18.16.

In other recent news, Genco Shipping & Trading Ltd reported its Q2 2025 earnings, highlighting a significant revenue achievement. The company posted $80.94 million in revenue, surpassing the forecast of $49.96 million. However, Genco Shipping reported a larger-than-expected net loss per share of $0.16, compared to the anticipated $0.12. In addition to financial results, Genco Shipping announced changes to its board of directors following the resignation of Chairman James G. Dolphin. The resignation was effective on August 26, 2025, and was not due to any disagreement with the company’s strategy or operations. Following this, the board adopted a Fifth Amendment to the company’s Amended and Restated By-laws. This amendment grants the Lead Independent Director the authority to call a special meeting of the board. These developments come as Genco Shipping navigates its current financial landscape and corporate governance.

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