Form 4: Alkermes EVP David Gaffin Reports Stock Transactions Following Vesting of Performance-Based Restricted Stock Units
SEC Form 4 Filing
Alkermes' EVP, CLO, David Joseph Gaffin, reports acquisition and disposal of ordinary shares following the vesting of performance-based restricted stock units.
Summary
- David Joseph Gaffin, EVP and CLO of Alkermes plc, filed a Form 4 detailing changes in beneficial ownership.
- On February 6, 2025, Gaffin acquired 32,350 ordinary shares through the vesting of performance-vesting restricted stock units (PRSUs) granted in 2022.
- These PRSUs had a three-year performance period ending on December 31, 2024.
- The vesting was triggered by the achievement of pre-specified performance goals and the application of a total shareholder return modifier.
- On the same day, Gaffin disposed of 9,752 ordinary shares at a price of $31.39.
- Following these transactions, Gaffin beneficially owns 188,499 ordinary shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. The vesting of PRSUs suggests the achievement of performance goals, which is mildly positive.
Positives
- The vesting of performance-based restricted stock units suggests that the company met certain pre-specified performance goals, which is a positive indicator.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates activity related to vested equity compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 2022-02-18 | Date of grant of performance-vesting restricted stock unit awards. |
| 2022-08-03 | Date of grant of performance-vesting restricted stock unit awards. |
| 2024-12-31 | End date of the three-year performance period for the 2022 PRSUs. |
| 2025-02-06 | Date of transaction: acquisition and disposal of ordinary shares. |
| 2025-02-07 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Alkermes, Gaffin, Stock Transaction, Performance-Based Restricted Stock Units, Vesting
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