Form 4: Alkermes CFO Iain Michael Brown Reports Stock Transactions
SEC Form 4 Filing
Iain Michael Brown, CFO of Alkermes plc, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 18, 2025, Iain Michael Brown, the SVP and Chief Financial Officer of Alkermes plc, reported transactions involving ordinary shares and restricted stock units.
- A total of 6,354 restricted stock units vested, each representing a contingent right to receive one ordinary share.
- Simultaneously, 6,354 shares were acquired upon the vesting of these restricted stock units.
- Brown also disposed of 1,869 shares at a price of $35.9 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Brown directly owns 137,880 ordinary shares and 6,355 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency to investors regarding management's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| 02/18/2023 | Commencement date for the four equal annual installments of restricted stock unit vesting. |
| 02/18/2025 | Date of transaction: vesting of restricted stock units and sale of shares. |
| 02/20/2025 | Date of signature for the Form 4 filing. |
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