Form 4: Alkermes Executive David Gaffin Reports Stock Transactions
SEC Form 4 Filing
David Gaffin, EVP and CLO of Alkermes, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 26, 2025, David Gaffin, EVP and CLO of Alkermes, had 6,866 restricted stock units vest, each representing a contingent right to receive one ordinary share.
- Following the vesting, Gaffin disposed of 3,049 ordinary shares at a price of $34.795 per share to satisfy tax obligations.
- After these transactions, Gaffin directly owns 204,255 ordinary shares and 20,598 restricted stock units.
- The restricted stock units vest in four equal annual installments, commencing on February 26, 2025.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: vesting of restricted stock units and disposition of shares. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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