Form 4: Amarin Corp PLC Officer Reports Share Transactions
SEC Form 4
Steven B. Ketchum, Chief Scientific Officer of Amarin Corp PLC, reports acquisition and disposal of ordinary shares related to restricted stock units.
Summary
- Steven B. Ketchum, Chief Scientific Officer of Amarin Corp PLC, filed a Form 4 detailing changes in beneficial ownership.
- On July 31, 2024, Ketchum acquired 23,883 ordinary shares through the vesting of restricted stock units (RSUs).
- Also on July 31, 2024, 11,763 shares were withheld by the issuer to cover tax liabilities related to the vesting of the RSUs at a price of $0.78.
- Following these transactions, Ketchum directly owns 670,840 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine transaction filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders may see this as part of the executive compensation structure.
- Employees may view this as part of the company's incentive plan.
Key Dates
| Date | Description |
|---|---|
| 08/02/2021 | Reporting Person was granted 71,650 Restricted Stock Units ('RSUs') under the Amarin Corporation plc 2020 Stock Incentive Plan |
| 07/31/2023 | Date of Earliest Transaction |
| 07/31/2023 | One third of the 71,650 Restricted Stock Units ('RSUs') vest |
| 07/31/2024 | RSU vesting and tax withholding occurred |
| 08/01/2024 | Date of signature for the Form 4 filing |
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