Form 4: Amarin CFO Peter Fishman Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Amarin's CFO, Peter Fishman, reported the vesting of restricted stock units (RSUs) and associated tax withholdings, resulting in changes to his beneficial ownership of ordinary shares.
Summary
- Peter Fishman, the Senior Vice President and CFO of Amarin Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's ordinary shares.
- The transactions occurred on January 31, 2025, and primarily involve the vesting of restricted stock units (RSUs) granted to Mr. Fishman in previous years.
- These RSUs vested in installments, with the reported transactions reflecting the vesting of the final tranches of RSUs granted in 2022, 2023, and 2024.
- The vesting of the RSUs resulted in the acquisition of 56,334 ordinary shares.
- A portion of the vested shares, totaling 31,112, were withheld by the company to cover tax liabilities associated with the vesting.
- The price of the shares for tax withholding purposes was $0.62 per share.
- Following these transactions, Mr. Fishman's direct ownership of Amarin ordinary shares increased to 73,384.
Sentiment
Score: 5
Explanation: The document is a routine filing related to executive compensation and does not contain any information that would be considered positive or negative for the company's outlook.
Industry Context
This is a standard filing for corporate insiders who receive equity compensation. It reflects the regular vesting schedule of stock-based compensation plans.
Comparison to Industry Standards
- The vesting schedule of the RSUs, with three equal installments over three years, is a common practice in the pharmaceutical industry for executive compensation.
- Tax withholding of shares upon vesting is also a standard procedure to cover the tax liabilities of the employee.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares, but are not expected to significantly affect the share price.
Key Dates
| Date | Description |
|---|---|
| 02/04/2022 | Peter Fishman was granted 25,200 RSUs which vest in three equal installments. |
| 01/31/2023 | First tranche of 2022 RSUs vested. |
| 02/01/2023 | Peter Fishman was granted 33,800 RSUs which vest in three equal installments. |
| 01/31/2024 | First tranche of 2023 RSUs and second tranche of 2022 RSUs vested. |
| 02/01/2024 | Peter Fishman was granted 110,000 RSUs which vest in three equal installments. |
| 01/31/2025 | Final tranche of 2022, 2023 and 2024 RSUs vested, and the transactions reported in this Form 4 occurred. |
Keywords
Form 4, Amarin, Peter Fishman, RSU, Restricted Stock Units, Beneficial Ownership, Stock Incentive Plan, Tax Withholding, Ordinary Shares
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