Form 4: Amarin Director Louis Sterling III Reports Share Transactions
SEC Form 4 Filing
Director Louis Sterling III reports acquisition and disposal of Amarin Corp PLC shares related to restricted stock unit vesting and tax withholding.
Summary
- On April 18, 2025, Director Louis Sterling III acquired 838 American Depositary Shares (ADS) of Amarin Corp PLC upon the vesting of restricted stock units (RSUs).
- The director also disposed of 437 ADS to cover tax liabilities related to the vesting of the RSUs at a price of $9.11 per share.
- Following these transactions, the director directly owns 3,614 ADS.
- The reported transactions reflect adjustments due to an ADS ratio change implemented on April 11, 2025, where one ADS now represents twenty ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Reporting Person was granted an award that vests in three equal installments on each of April 18, 2025, April 18, 2026 and April 18, 2027 |
| 04/11/2025 | Effective date of the ADS Ratio Change where one ADS represents twenty Ordinary Shares. |
| 04/18/2025 | Date of the reported transactions: acquisition of shares via RSU vesting and disposal of shares for tax withholding. |
| 04/22/2025 | Date of the signature on the Form 4 filing. |
| 04/18/2026 | Second vesting date of the award granted on April 18, 2024. |
| 04/18/2027 | Third vesting date of the award granted on April 18, 2024. |
Keywords
Amarin Corp PLC, Director, ADS, American Depositary Shares, Form 4, Louis Sterling III, Restricted Stock Units, Share Transactions, Tax Withholding, Beneficial Ownership
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