Company: ASC
Filing Date: 2025-05-05
Form Type: 6-K
Source: 0001558370-25-006251
Chunk: 12

Company: Ardmore Shipping Corp
Filing Date: 2025-05-05
Form: 6-K
Chunk 12
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 a meaningful component of the compensation packages for our directors and management will consist of equity interests in Ardmore in order to promote this alignment of interests.

#### Equity Incentive Plan
We currently have an equity incentive plan, the 2013 Equity Incentive Plan (the “plan”), under which directors, officers, and employees (including any prospective officer or employee) of us and our subsidiaries and affiliates, and consultants and service providers (including persons who are employed by or provide services to any entity that is itself a consultant or service provider) to us and our subsidiaries and affiliates, as well as entities wholly-owned or generally exclusively controlled by such persons, may be eligible to receive incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalent rights, unrestricted stock and other equity-based or equity-related awards that the plan administrator determines are consistent with the purposes of the plan and our interests. Subject to adjustment for changes in capitalization, the aggregate number of shares of our common stock available for grant under the plan is 5 million shares. The plan is administered by the Talent and Compensation Committee of the Board. For additional information about the plan, please see Item 6.B of our Annual Report on Form 20-F for the year ended December 31, 2024.

#### Director and Senior Management Compensation
We paid $4.6 million in aggregate cash compensation to our senior executive officers for 2024.

For 2024, each of our non-employee directors received cash compensation in the aggregate amount of $65,000, plus an additional fee of $65,000 for a director serving as Chair of the Board, $20,000 for a director serving as Chair of the Audit Committee, $15,000 for a director serving as Chair of other committees, $10,000 for each member of the Audit Committee and $5,000 for each member of other standing committees, plus reimbursements for actual expenses incurred while acting in their capacity as a director. We paid $0.5 million in aggregate compensation to our directors for 2024.

Each director and officer is fully indemnified by us for actions associated with being a director to the extent permitted under Marshall Islands law.

Stock Appreciation Rights (“SARs”)

As of December 31, 2024, no SARs were outstanding under our 2013 Equity Incentive Plan. Under a SAR award, the grantee is entitled to receive the appreciation of a share of our common stock following the grant of