Ardmore Shipping (NYSE: ASC) director details share and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Ardmore Shipping Corp director Helen Johanna de Jong filed an initial ownership report showing her equity stake in the company. She directly holds 28,293 shares of common stock and restricted stock units (RSUs) covering 8,155 underlying common shares.
The RSUs carry dividend equivalent rights that pay additional shares when dividends are paid and vest in full on June 17, 2026, provided she continues serving the company through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
de Jong Helen Johanna
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,155 shares (Direct);
Common Stock — 28,293 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.
FAQ
What does Ardmore Shipping (ASC) director Helen de Jong report in her Form 3?
Director Helen Johanna de Jong reports her initial ownership in Ardmore Shipping, including 28,293 shares of common stock and RSUs for 8,155 underlying shares. This filing establishes her baseline equity position as a company insider.
What restricted stock units does Helen de Jong hold in Ardmore Shipping (ASC)?
She holds restricted stock units linked to 8,155 underlying common shares. These RSUs provide a right to receive one share per unit upon vesting and include dividend equivalent rights that can generate additional shares over time when cash dividends are paid.
When do Helen de Jong’s Ardmore Shipping (ASC) RSUs vest?
Her restricted stock units vest in full on June 17, 2026, subject to her continued service with Ardmore Shipping through that date. Once vested, each RSU converts into one share of common stock, plus any shares from accrued dividend equivalents.
What are dividend equivalent rights on Helen de Jong’s Ardmore Shipping (ASC) RSUs?
The RSUs include dividend equivalent rights (DERs), which accrue based on dividends declared on Ardmore Shipping common stock. Upon RSU vesting, accrued dividends are converted into additional shares using the fair market value on the vesting or payment date.