Genco Shipping & Trading Management
Management criteria checks 4/4
Genco Shipping & Trading's CEO is John Wobensmith, appointed in Dec 2014, has a tenure of 9.92 years. total yearly compensation is $3.36M, comprised of 20.8% salary and 79.2% bonuses, including company stock and options. directly owns 1.09% of the company’s shares, worth $8.03M. The average tenure of the management team and the board of directors is 5.8 years and 7.5 years respectively.
Key information
John Wobensmith
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 20.8% |
| CEO tenure | 9.9yrs |
| CEO ownership | 1.1% |
| Management average tenure | 5.8yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
Genco Shipping & Trading (NYSE:GNK) Is Paying Out A Larger Dividend Than Last Year
Nov 10
Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?
Oct 25Genco Shipping: A Great Platform To Weather Market Uncertainty
Oct 10Risks To Shareholder Returns Are Elevated At These Prices For Genco Shipping & Trading Limited (NYSE:GNK)
Oct 10Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
Sep 25Genco's Unique Dividend Structure May Hold Promise For Income Investors
Sep 10Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt?
Jul 11Genco Shipping: Disciplined Strategy, Good Dividend Investment
Jun 21Genco Shipping & Trading Limited (NYSE:GNK) Investors Are Less Pessimistic Than Expected
Jun 15Genco Shipping & Trading's (NYSE:GNK) Upcoming Dividend Will Be Larger Than Last Year's
May 12Genco Shipping: FQ4'23 Dividends May Disappoint - You May Have Missed The Boat
Jan 27Genco Shipping & Trading Limited's (NYSE:GNK) Shareholders Might Be Looking For Exit
Jan 25Genco Shipping: A Quality Company With Excellent Financials And Attractive Dividend Yields
Jan 09Returns At Genco Shipping & Trading (NYSE:GNK) Are On The Way Up
Dec 08Genco Shipping: A Fine Hold, No Need To Rush
Dec 07Genco Shipping Is Still A Great Value Play
Oct 11Genco Shipping: Fuel Risks Are Still Outweighed By The Management's Competence
Oct 04Genco Shipping: Some Risk But Great Potential
Aug 18Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%
Aug 07Genco Shipping: Yield Of 13% And Improving Prospects
Jun 12Genco Shipping: Dividends Likely To Stay Strong Despite Challenging Market
May 31Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?
May 03Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
Apr 14Genco Shipping: Dividend Play With Upside Potential
Feb 21Genco Shipping: Pause The Optimism Here - Potential Volatility Ahead
Feb 15We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease
Jan 21Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?
Dec 26Genco Shipping: 18% Yield, Low Debt, Low Breakeven
Dec 09Genco Shipping: Still A Buy Despite The 33% Recovery - Yields Above 4Y Average
Nov 16Genco Shipping: Potential 44.5% Annualized Return
Oct 18Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly
Sep 28Genco Shipping: The Dividend Yields Could Move Much Higher - It's Time To Board
Sep 14Genco Shipping Stock: Why You Should Get On Board At Current Levels
Aug 31Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital
Aug 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$69m |
| Jun 30 2024 | n/a | n/a | US$15m |
| Mar 31 2024 | n/a | n/a | US$3m |
| Dec 31 2023 | US$3m | US$700k | -US$13m |
| Sep 30 2023 | n/a | n/a | US$11m |
| Jun 30 2023 | n/a | n/a | US$84m |
| Mar 31 2023 | n/a | n/a | US$120m |
| Dec 31 2022 | US$5m | US$685k | US$159m |
| Sep 30 2022 | n/a | n/a | US$221m |
| Jun 30 2022 | n/a | n/a | US$237m |
| Mar 31 2022 | n/a | n/a | US$222m |
| Dec 31 2021 | US$3m | US$650k | US$182m |
| Sep 30 2021 | n/a | n/a | US$25m |
| Jun 30 2021 | n/a | n/a | -US$53m |
| Mar 31 2021 | n/a | n/a | -US$103m |
| Dec 31 2020 | US$2m | US$650k | -US$226m |
| Sep 30 2020 | n/a | n/a | -US$159m |
| Jun 30 2020 | n/a | n/a | -US$152m |
| Mar 31 2020 | n/a | n/a | -US$169m |
| Dec 31 2019 | US$2m | US$650k | -US$56m |
| Sep 30 2019 | n/a | n/a | -US$39m |
| Jun 30 2019 | n/a | n/a | -US$18m |
| Mar 31 2019 | n/a | n/a | US$15m |
| Dec 31 2018 | US$2m | US$650k | -US$33m |
| Sep 30 2018 | n/a | n/a | -US$49m |
| Jun 30 2018 | n/a | n/a | -US$86m |
| Mar 31 2018 | n/a | n/a | -US$99m |
| Dec 31 2017 | US$5m | US$650k | -US$59m |
Compensation vs Market: John's total compensation ($USD3.36M) is about average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
CEO
John Wobensmith (54 yo)
9.9yrs
Tenure
US$3,363,871
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 9.9yrs | US$3.36m | 1.09% $ 8.0m | |
| Chief Financial Officer | 1.4yrs | US$1.14m | 0.083% $ 610.9k | |
| Chief Accounting Officer | 14.6yrs | US$778.44k | 0.045% $ 330.6k | |
| Chief Commercial Officer | 1.6yrs | US$1.47m | 0.10% $ 732.5k |
5.8yrs
Average Tenure
46yo
Average Age
Experienced Management: GNK's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 3.5yrs | US$3.36m | 1.09% $ 8.0m | |
| Independent Director | 7.5yrs | US$270.01k | no data | |
| Independent Chairman | 10.3yrs | US$422.98k | no data | |
| Director | 8.8yrs | US$249.95k | 0.24% $ 1.8m | |
| Independent Director | 9.3yrs | US$297.50k | 0.0017% $ 12.7k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 3.7yrs | US$212.09k | no data |
7.5yrs
Average Tenure
57yo
Average Age
Experienced Board: GNK's board of directors are considered experienced (7.5 years average tenure).