Ardmore Shipping (NYSE: ASC) CEO discloses 151,133 shares and multiple RSU awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Ardmore Shipping Corp director and Chief Executive Officer Gernot Ruppelt filed an initial ownership report showing his current equity position. He directly holds 151,133 shares of common stock and several grants of restricted stock units (RSUs) that each convert into one share of common stock when they vest.
The RSUs cover 3,280, 14,561 and 32,981 underlying common shares, with vesting scheduled beginning on March 1, 2027 and continuing in equal annual installments over two or three years, subject to his continued service. These RSUs carry dividend equivalent rights that pay additional shares based on dividends accrued up to each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ruppelt Gernot
Role
Chief Executive Officer
| 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 — 151,133 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 person's 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.
FAQ
What does Ardmore Shipping (ASC) CEO Gernot Ruppelt report on this Form 3?
The filing reports Gernot Ruppelt’s current equity holdings in Ardmore Shipping. He directly owns 151,133 common shares and multiple restricted stock unit (RSU) grants that can settle in additional common shares as they vest over future years.
What restricted stock units are disclosed for Ardmore Shipping (ASC) CEO Gernot Ruppelt?
The CEO reports several RSU awards tied to Ardmore common stock. They represent 3,280, 14,561 and 32,981 underlying shares, each RSU converting into one common share when vested, giving him contingent rights to additional equity over time.
When do the Ardmore Shipping (ASC) RSUs held by the CEO vest?
The RSUs begin vesting on March 1, 2027, subject to continued service. Some RSUs vest in full on the indicated date, while others vest in equal annual installments over two or three years, depending on the specific grant’s terms.
What are dividend equivalent rights (DERs) on Ardmore Shipping (ASC) RSUs?
Dividend equivalent rights add extra shares based on accrued dividends. For each vested RSU, DERs convert accrued cash dividends into additional common shares, using the quotient of total accrued dividends divided by Ardmore’s common stock fair market value on the vesting or payment date.
Does this Ardmore Shipping (ASC) Form 3 show any insider buying or selling?
The Form 3 reflects holdings, not explicit insider purchases or sales. It lists existing common stock and RSU positions for the CEO, including vesting and expiration dates, but does not show open-market buy or sell transactions in this data set.