Ardmore Shipping (ASC) director adds 8,474 shares through RSU settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ardmore Shipping Corp director James Alistair Fok reported multiple equity-related transactions in June 2026. On June 15, he acquired 257 common shares at $17.06 per share through an automatic dividend reinvestment plan and received a grant of 4,556 Restricted Stock Units (RSUs) that vest in full on June 15, 2027.
On June 17, previously granted RSUs and associated dividend equivalent rights were settled for 8,474 common shares at no cash cost, increasing his direct common stock holdings to 19,953 shares. The reported position also now includes 72 common shares that had been inadvertently omitted from an earlier ownership report.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,474 shares exercised/converted
Mixed
4 txns
Insider
Fok James Alistair
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units Award | 8,474 | $0.00 | -- |
| Exercise | Common Stock | 8,474 | $0.00 | -- |
| Grant/Award | Restricted Stock Units Award | 4,556 | $0.00 | -- |
| L | Common Stock | 257 | $17.06 | $4K |
Holdings After Transaction:
Restricted Stock Units Award — 0 shares (Direct);
Common Stock — 19,953 shares (Direct)
Footnotes (1)
- Reflects shares acquired by the reporting person pursuant to an automatic dividend reinvestment plan. Includes 72 shares of Issuer's Common Stock inadvertently omitted from the reporting person's Form 3 filed with the Securities and Exchange Commission on March 18, 2026. Restricted Stock Units Award ("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. Includes 319 shares payable under associated dividend equivalent rights that became calculable upon vesting of the RSUs.
Key Figures
RSU and DER settlement shares: 8,474 shares
Dividend reinvestment acquisition: 257 shares at $17.06
Post-transaction common holdings: 19,953 shares
+3 more
6 metrics
RSU and DER settlement shares
8,474 shares
Common stock received on June 17, 2026 from RSU and dividend equivalent settlement
Dividend reinvestment acquisition
257 shares at $17.06
Common stock acquired June 15, 2026 via automatic dividend reinvestment plan
Post-transaction common holdings
19,953 shares
Direct Ardmore Shipping common stock owned after June 17, 2026 transactions
New RSU grant
4,556 RSUs
Restricted Stock Units awarded June 15, 2026, vesting June 15, 2027
Dividend equivalent right shares
319 shares
Shares payable under dividend equivalent rights upon RSU vesting
Previously omitted shares now included
72 shares
Common stock that had been left out of an earlier Form 3 but is now reported
Key Terms
Restricted Stock Units, dividend equivalent rights, automatic dividend reinvestment plan, Rule 16a-6
4 terms
Restricted Stock Units financial
"Restricted Stock Units Award ("RSUs") represent a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"RSUs have associated dividend equivalent rights ("DERs") that vest and become payable in shares"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
automatic dividend reinvestment plan financial
"Reflects shares acquired by the reporting person pursuant to an automatic dividend reinvestment plan."
Rule 16a-6 regulatory
"Small acquisition under Rule 16a-6"
FAQ
What insider transactions did Ardmore Shipping (ASC) director James Alistair Fok report in June 2026?
James Alistair Fok reported acquiring 257 Ardmore Shipping common shares via a dividend reinvestment plan, receiving 4,556 new RSUs, and settling earlier RSUs and dividend equivalents for 8,474 common shares, which increased his direct ownership to 19,953 shares.
What Restricted Stock Units were granted to Ardmore Shipping (ASC) director James Alistair Fok?
On June 15, 2026, James Alistair Fok received a grant of 4,556 Restricted Stock Units (RSUs), each representing a right to one Ardmore Shipping share. These RSUs, with associated dividend equivalent rights, are scheduled to vest in full on June 15, 2027, subject to continued service.
How were dividend equivalent rights treated in the Ardmore Shipping (ASC) insider transactions?
Dividend equivalent rights linked to James Alistair Fok’s RSUs vest and pay out in Ardmore Shipping shares proportionately with the RSUs. Upon RSU vesting, 319 shares became payable under these rights, contributing to the total 8,474 common shares issued in the June 17, 2026 settlement.
What does the small acquisition under Rule 16a-6 mean for Ardmore Shipping (ASC)?
The small acquisition coded under Rule 16a-6 reflects Fok’s purchase of 257 Ardmore Shipping shares at $17.06, executed through an automatic dividend reinvestment plan. This is a routine, relatively small increase in his holdings rather than a large open-market trading transaction.