Form 4: Alkermes Director Cato T. Laurencin Reports Stock Transactions
SEC Form 4 Filing
Director Cato T. Laurencin reports transactions involving Alkermes plc ordinary shares, including the vesting of restricted stock units and subsequent disposal of shares to cover tax obligations.
Summary
- On June 29, 2024, Cato T. Laurencin, a director of Alkermes plc, reported transactions involving the company's ordinary shares.
- These transactions included the vesting of 6,104 restricted stock units, each representing a contingent right to receive one ordinary share.
- Following the vesting, 1,465 shares were disposed of at a price of $24.1 to satisfy tax obligations.
- After these transactions, Laurencin directly owns 19,808 ordinary shares.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine stock activity by a company director.
Key Dates
| Date | Description |
|---|---|
| 06/29/2024 | Date of stock transactions: vesting of restricted stock units and disposal of shares. |
| 07/01/2024 | Date of signature by attorney-in-fact. |
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