GENCO SHIPPING & TRADING LTD — Proxy Solicitation & Information Statement 2026

Jun 8, 2026

DEFA14A 1 ef20075706_defa14a.htm DEFA14A Licensed to: Broadridge Document created using Broadridge PROfile 26.3.2.5342 Copyright 1995 - 2026 Broadridge

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement pursuant to Section 14(a) of the

Securities Exchange Act of 1934

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Filed by a Party other than the Registrant ☐

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☐ Preliminary Proxy Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☐ Definitive Proxy Statement

☒ Definitive Additional Materials

☐ Soliciting Material under § 240.14a-12

GENCO SHIPPING & TRADING LIMITED

(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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PROXY SUPPLEMENT

SUPPLEMENTAL INFORMATION REGARDING THE 2026 ANNUAL MEETING OF SHAREHOLDERS

TO BE HELD ON JUNE 18, 2026

This proxy supplement (the “Supplement”) updates and supplements the definitive proxy statement dated May 7, 2026 (the “Proxy Statement”) of Genco Shipping & Trading Limited (“Genco” or the “Company”) filed with the Securities and Exchange Commission (“SEC”) relating to its Annual Meeting of Shareholders to be held on June 18, 2026 (the “2026 Annual Meeting”). The Proxy Statement and accompanying WHITE proxy card were first mailed to shareholders on or about May 7, 2026. The Supplement, which should be read in conjunction with the Proxy Statement, is dated June 8, 2026. Except as specifically supplemented by the information set forth herein, all information set forth in the Proxy Statement remains unchanged.

Share Count Information as of April 24, 2026

If the amendment to the 2015 Equity Incentive Plan (the “Plan”) is approved, it will increase the number of shares of our common stock available for awards under the Plan by 1,673,000 shares. The following table provides information regarding our outstanding equity awards and common shares available for future awards under the Company’s existing equity compensation plans as of April 24, 2026:

Number of shares remaining available for future grant under the Plan (1)	324,857
Number of shares relating to outstanding stock options	69,284
Number of shares relating to full-value awards (includes restricted stock units and performance restricted stock units) outstanding (2)	1,238,898
Weighted average remaining term of outstanding options	0.83 years
Weighted average exercise price of outstanding options	$9.91

(1) Represents the total number of shares available for future awards under the Plan, excluding outstanding equity awards included in the third line of this table. The Plan is the Company’s only active equity compensation plan.

(2) Outstanding performance restricted stock units reflected at target level of achievement.