McWilliams Curtis B 4
4 · Ardmore Shipping Corp · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Ardmore Shipping (ASC) Director Curtis McWilliams Exercises & Sells
What Happened
Curtis McWilliams, a director of Ardmore Shipping Corp (ASC), received an award of 9,112 restricted stock units (RSUs) that vested on June 15, 2026, and on June 17, 2026 he exercised/converted 15,360 derivative shares and disposed of the same 15,360 shares the same day. Reported prices for the award and the exercise/conversion are $0.00 (typical for RSU vesting/conversion events).
Key Details
- Transactions reported:
- 2026-06-15: Grant/award (A) — 9,112 RSUs @ $0.00 (acquired; RSUs vested in full per footnote).
- 2026-06-17: Exercise/conversion (M) — 15,360 shares @ $0.00 (acquired), and 15,360 shares @ $0.00 (disposed) — i.e., same‑day acquisition and disposition.
- Footnotes: RSUs convert into common shares and include dividend equivalent rights (DERs). Filing notes 579 shares are payable under associated DERs that became calculable upon vesting.
- Shares owned after the transactions: not reported in the provided filing details.
- Filing timeliness: Form 4 was filed on 2026-07-07 for transactions dated 6/15 and 6/17 — this appears to be a late filing (Form 4 is normally due within 2 business days of the transaction).
Context
- The A code indicates an award/vesting of RSUs; M indicates exercise/conversion of a derivative. The same‑day acquisition and disposal of 15,360 shares shows the shares were converted/exercised and then sold or transferred the same day.
- RSU awards and related DERs are compensation events (not market purchases). Immediate disposals after conversion are common for covering taxes or realizing value, but the filing itself provides only the mechanics, not the insider’s motive.
Insider Transaction Report
Form 4
McWilliams Curtis B
Director
Transactions
- Exercise/Conversion
Common Stock
2026-06-17+15,360→ 76,033 total - Award
Restricted Stock Units Award
[F1][F2]2026-06-15+9,112→ 9,112 totalExercise: $0.00From: 2027-06-15Exp: 2027-06-15→ Common Stock (9,112 underlying) - Exercise/Conversion
Restricted Stock Units Award
[F1][F3][F2]2026-06-17−15,360→ 0 totalExercise: $0.00From: 2026-06-17Exp: 2026-06-17→ Common Stock (15,360 underlying)
Footnotes (3)
- [F1]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).
- [F2]These RSUs vest in full on the date shown, subject to the reporting person's continued service to the Issuer through the vesting date.
- [F3]Includes 579 shares payable under associated dividend equivalent rights that became calculable upon vesting of the RSUs.
Signature
/s/ John Russell, Attorney-in-Fact|2026-07-07