Form 4: Alkermes Director Alva Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Director Emily Peterson Alva exercised stock options and disposed of shares of Alkermes plc on June 9, 2024.
Summary
- On June 9, 2024, Emily Peterson Alva, a director of Alkermes plc, executed transactions involving the company's ordinary shares.
- Alva exercised restricted stock units, converting them into 3,871 ordinary shares.
- Following the exercise, Alva disposed of 930 shares at a price of $23.91 per share to cover tax obligations.
- After these transactions, Alva directly owns 22,663 ordinary shares.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to the market regarding the buying and selling activities of company directors and officers. This filing indicates Alva's transactions in Alkermes stock.
Stakeholder Impact
- The transactions are disclosed to inform shareholders about the trading activities of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/09/2024 | Date of transaction: Exercise of restricted stock units and disposal of shares. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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