ADC Therapeutics Director Peter Hug Receives RSU Grant and Sells Shares for Tax Withholding

Peter Hug, a director of ADC Therapeutics SA (ADCT), filed a Form 4 disclosing two transactions. On June 1, 2026, Hug received an annual grant of 45,000 restricted stock units (RSUs) under the company's 2019 Equity Incentive Plan for his service as a director. These RSUs vest on the earlier of one year from the grant date or the date of the 2027 Annual Meeting of Shareholders, contingent on his continued service. On June 3, 2026, Hug disposed of 2,156 common shares at $3.08 per share, representing shares withheld by the company to satisfy tax withholding obligations related to the vesting of previously granted RSUs. Following these transactions, Hug's direct ownership decreased to 263,344 common shares. The transactions reflect standard director compensation and tax withholding procedures.