[Form 3] Ardmore Shipping Corp Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Ardmore Shipping Corp President Bart B. Kelleher filed an initial statement of beneficial ownership. He reports direct ownership of 68,039 shares of common stock. He also holds restricted stock units that can convert into 3,280, 13,225, and 27,308 shares of common stock at an exercise price of $0.00 per share, with scheduled vesting dates between 2027 and 2029 subject to continued service. The RSUs include dividend equivalent rights that add extra shares when dividends are paid, calculated at vesting based on accrued dividends and the stock’s fair market value.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Kelleher Bart B
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,280 shares (Direct);
Common Stock — 68,039 shares (Direct)
Footnotes (1)
- Restricted Stock Units ("RSUs") represent a contingent right to receive one share of the Issuer's common stock per RSU. RSUs have associated dividend equivalent rights ("DERs") that vest and become payable in shares of the Issuer's common stock proportionately with the RSUs to which they relate. Upon vesting of RSUs, the number of shares issuable under the associated DERs becomes calculable, based on the quotient of the accrued dividends with respect to the vested RSUs, divided by the common stock's fair market value on such vesting date (or in the event dividends are declared, but not yet paid to stockholders as of a vesting date, on the date of payment to stockholders). These RSUs vest in full on the date shown, subject to the reporting persons' continued service to the Issuer through the vesting date. Date at which first vesting occurs is indicated. These RSUs vest in equal annual installments over 2 years, subject to the reporting person's continued service to the Issuer through each vesting date. Date at which first vesting occurs is indicated. These RSUs vest in equal annual installments over 3 years, subject to the reporting person's continued service to the Issuer through each vesting date.
