Ardmore Shipping chief executive Anthony Gurnee has made a tidy profit from selling shares bought in 2021.
A US Securities and Exchange Commission filing showed the Irish tanker company’s boss is selling 136,026 shares listed in New York.
The transaction is being carried out by US broker Stifel Nicolaus.
The filing said the holding was worth $2.13m.
Gurnee acquired the stock in April 2021, when the share was trading at around $4.50.
It is now $15.86, up 11% so far this year and up 1% on the day in New York on Tuesday.
The filing also lists four other share sales by the CEO since last summer, raking in around $900,000 in total.
Gurnee has been contacted for comment.
The deal follows share sales in February by two Ardmore directors.
Carisbrooke Shipping Holdings chief executive Helen Tveitan de Jong offloaded 6,500 shares, banking $105,040, according to a US securities filing.
Berglund banks share cash
The experienced executive is chair of Ardmore’s audit committee.
Fellow director Mats Berglund, the former Pacific Basin CEO, sold 10,000 shares, raising $163,500.
Berglund and de Jong’s exact shareholdings are not public.
All Ardmore directors and executives owned less than 1% as a group as of 23 May last year, according to the annual 20-F filing.
So far this year, Ardmore has shipped out one older MR tanker and bought a modern unit as it renews its fleet.
India’s Great Eastern Shipping snapped up the 50,100-dwt Ardmore Seafarer (built 2010), which brokers reported sold for $27.2m.
And Ardmore splashed $42m on the 50,000-dwt St Pauli (built 2017) from Meiji Shipping in Japan for $42m.
