Form 4: Alkermes Executive Michael Landine Reports Stock Transactions
SEC Form 4 Filing
Michael Landine, SVP at Alkermes, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 23, 2024, Michael Landine, SVP at Alkermes, Inc., vested 4,077 ordinary shares through the vesting of restricted stock units.
- Following the vesting, Landine disposed of 1,811 shares at a price of $29.57 to satisfy tax obligations.
- After these transactions, Landine directly owns 281,730 ordinary shares and 12,233 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of earliest transaction: vesting of restricted stock units and disposition of shares. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.