Genco Shipping & Trading Limited

NYSE:GNK Stock Report

Mkt Cap: US$614.3m

Genco Shipping & Trading Management

Management criteria checks 2/4

Genco Shipping & Trading's CEO is John Wobensmith, appointed in Dec 2014, has a tenure of 2.58 years. total yearly compensation is $4.95M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 1.01% of the company’s shares, worth $6.22M. The average tenure of the management team and the board of directors is 4.8 years and 7.2 years respectively.

Key information

John Wobensmith

Chief executive officer

US$4.9m

Total compensation

CEO salary percentage13.8%
CEO tenure9yrs
CEO ownership1.0%
Management average tenure4.8yrs
Board average tenure7.2yrs

Recent management updates

Recent updates

Genco Shipping: A Fine Hold, No Need To Rush

Dec 07

Genco Shipping Is Still A Great Value Play

Oct 11

Genco Shipping: Fuel Risks Are Still Outweighed By The Management's Competence

Oct 04

Genco Shipping: Some Risk But Great Potential

Aug 18

Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%

Aug 07
Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%

Genco Shipping: Yield Of 13% And Improving Prospects

Jun 12

Genco Shipping: Dividends Likely To Stay Strong Despite Challenging Market

May 31

Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?

May 03
Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?

Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital

Apr 14
Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital

Genco Shipping: Dividend Play With Upside Potential

Feb 21

Genco Shipping: Pause The Optimism Here - Potential Volatility Ahead

Feb 15

We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease

Jan 21
We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease

Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?

Dec 26
Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?

Genco Shipping: 18% Yield, Low Debt, Low Breakeven

Dec 09

Genco Shipping: Still A Buy Despite The 33% Recovery - Yields Above 4Y Average

Nov 16

Genco Shipping: Potential 44.5% Annualized Return

Oct 18

Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly

Sep 28
Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly

Genco Shipping: The Dividend Yields Could Move Much Higher - It's Time To Board

Sep 14

Genco Shipping Stock: Why You Should Get On Board At Current Levels

Aug 31

Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital

Aug 31
Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital

Genco Shipping: 11% Yield, Low Debt, Higher Dividends Ahead

Aug 12

Genco Shipping slides after second quarter earnings, TCE outlook

Aug 04

Genco Shipping: New Dividend Policy In Full Swing (Podcast Transcript)

Jul 26

Is Genco Shipping & Trading Limited (NYSE:GNK) Potentially Undervalued?

Jul 05
Is Genco Shipping & Trading Limited (NYSE:GNK) Potentially Undervalued?

Genco: Solid Dividends And Balance Sheet

Jun 26

Genco Shipping: 12% Yield, Low Debt, Very Strong Earnings

Jun 05

Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?

Apr 28
Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?

Genco Shipping: A High Yielding Solid Buy

Apr 16

Returns On Capital Are Showing Encouraging Signs At Genco Shipping & Trading (NYSE:GNK)

Apr 09
Returns On Capital Are Showing Encouraging Signs At Genco Shipping & Trading (NYSE:GNK)

Genco Shipping: Preparing For Large Dividends In Dry Bulk (Podcast Transcript)

Feb 03

Why Genco Shipping & Trading Limited (NYSE:GNK) Could Be Worth Watching

Jan 30
Why Genco Shipping & Trading Limited (NYSE:GNK) Could Be Worth Watching

Genco Shipping: Smart Pick For Investors Timing A Rebound In Dry Bulk Shipping Stocks

Jan 25

Valuing Genco Shipping Using The Baltic Dry Index

Oct 19

Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital

Sep 21
Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital

Analysts Just Made A Neat Upgrade To Their Genco Shipping & Trading Limited (NYSE:GNK) Forecasts

Aug 07
Analysts Just Made A Neat Upgrade To Their Genco Shipping & Trading Limited (NYSE:GNK) Forecasts

CEO Compensation Analysis

How has John Wobensmith's remuneration changed compared to Genco Shipping & Trading's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2023n/an/a

US$11m

Jun 30 2023n/an/a

US$84m

Mar 31 2023n/an/a

US$120m

Dec 31 2022US$5mUS$685k

US$159m

Sep 30 2022n/an/a

US$221m

Jun 30 2022n/an/a

US$237m

Mar 31 2022n/an/a

US$222m

Dec 31 2021US$3mUS$650k

US$182m

Sep 30 2021n/an/a

US$25m

Jun 30 2021n/an/a

-US$53m

Mar 31 2021n/an/a

-US$103m

Dec 31 2020US$2mUS$650k

-US$226m

Sep 30 2020n/an/a

-US$159m

Jun 30 2020n/an/a

-US$152m

Mar 31 2020n/an/a

-US$169m

Dec 31 2019US$2mUS$650k

-US$56m

Sep 30 2019n/an/a

-US$39m

Jun 30 2019n/an/a

-US$18m

Mar 31 2019n/an/a

US$15m

Dec 31 2018US$2mUS$650k

-US$33m

Sep 30 2018n/an/a

-US$49m

Jun 30 2018n/an/a

-US$86m

Mar 31 2018n/an/a

-US$99m

Dec 31 2017US$5mUS$650k

-US$59m

Sep 30 2017n/an/a

-US$86m

Jun 30 2017n/an/a

-US$83m

Mar 31 2017n/an/a

-US$179m

Dec 31 2016US$1mUS$600k

-US$218m

Compensation vs Market: John's total compensation ($USD4.95M) is above average for companies of similar size in the US market ($USD3.46M).

Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

John Wobensmith (53 yo)

9yrs

Tenure

US$4,949,522

Compensation

Mr. John C. Wobensmith serves as Director at Genco Shipping & Trading Limited since May 29, 2021. He has been the President of Genco Shipping & Trading Limited since December 19, 2014, its Chief Executive...


Leadership Team

NamePositionTenureCompensationOwnership
John Wobensmith
CEO, President9yrsUS$4.95m1.01%
$ 6.2m
Joseph Adamo
Chief Accounting Officer13.7yrsUS$946.76k0.026%
$ 158.7k
Peter Allen
Chief Financial Officerless than a yearno data0.066%
$ 402.8k
Jesper Christensen
Chief Commercial Officerless than a yearno data0.069%
$ 421.0k

4.8yrs

Average Tenure

45yo

Average Age

Experienced Management: GNK's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Wobensmith
CEO, President2.6yrsUS$4.95m1.01%
$ 6.2m
Kathleen Haines
Independent Director6.6yrsUS$350.38kno data
James Dolphin
Independent Chairman9.4yrsUS$573.17kno data
Arthur Regan
Director7.8yrsUS$234.51k0.23%
$ 1.4m
Basil Mavroleon
Independent Director8.4yrsUS$413.01k0.0017%
$ 10.7k
Karin Orsel
Independent Director2.8yrsUS$219.06kno data

7.2yrs

Average Tenure

58yo

Average Age

Experienced Board: GNK's board of directors are considered experienced (7.2 years average tenure).