Company: ASC
Filing Date: 2025-05-05
Form Type: 6-K
Source: 0001558370-25-006251
Chunk: 13

Company: Ardmore Shipping Corp
Filing Date: 2025-05-05
Form: 6-K
Chunk 13
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 the award. No SAR awards were granted during the years ended December 31, 2024, 2023 or 2022.

Each SAR provides for a payment of an amount equal to the excess, if any, of the fair market value of a share of our common stock at the time of exercise of the SAR over the per share exercise price of the SAR, multiplied by the number

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of shares for which the SAR is then exercised. Payment under the SAR will be made in the form of shares of our common stock, based on the fair market value of a share of our common stock at the time of exercise of the SAR.

Restricted Stock Units (“RSUs”)

On March 1, 2024, we granted 113,314 Time-Based RSUs (“TRSUs”) to certain members of management that will vest in three equal annual tranches from the date of grant. On March 1, 2024, we granted 47,894 Performance-Based RSUs (“PRSUs”) to certain members of management that will vest in one tranche on March 1, 2027, subject to the grantee’s continued employment and market conditions based on ASC’s relative total shareholder return (“TSR”).

On June 17, 2024, we granted 20,861 TRSUs to certain of our directors that will vest in 12 months from the date of grant.

Under an RSU award, the grantee is entitled to receive a share of our common stock for each RSU at the end of the vesting period. Payment under the RSU will be made in the form of shares of our common stock. The RSU awards include dividend equivalent rights equal in number to the number of shares underlying the award of RSUs granted.

Please see Item 6.B. of our Annual Report on Form 20-F for the year ended December 31, 2024 and Note 15 “Share-based compensation” to our consolidated financial statements included in such Annual Report, for additional information about the SAR awards and RSUs.

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### PROPOSALS TO BE VOTED ON

#### PROPOSAL NO. 1: ELECTION OF DIRECTORS
Ardmore’s Board is divided into three classes: Class I, Class II and Class III. The number of directors in each class is required to be as nearly equal as possible. At the 2025 annual meeting, shareholders will elect two Class III directors