McWilliams Curtis B 4

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.