Form 4: Amarin Corp PLC Executive Thomas Reilly Reports Stock Transactions

EVP and CFO of Amarin Corp PLC, Thomas Reilly, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• Thomas Reilly, EVP and CFO of Amarin Corp PLC, filed a Form 4 detailing changes in beneficial ownership.
• On June 20, 2024, Reilly vested 33,333 restricted stock units (RSUs), each representing one ordinary share.
• The vesting was part of a grant of 100,000 RSUs made on July 1, 2022, under the company's 2020 Stock Incentive Plan, vesting in three equal installments.
• A total of 16,417 ordinary shares were withheld by the issuer at a price of $0.73 per share to cover tax liabilities related to the vesting.
• Following these transactions, Reilly directly owns 85,847 ordinary shares and 33,333 RSUs.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.

Stakeholder Impact

• The vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.

Key Dates