Form 4: Amarin Director Mark DiPaolo Reports Share Transactions Following ADS Ratio Change
SEC Form 4 Filing
Director Mark DiPaolo reports acquisition and disposal of Amarin shares related to vesting of restricted stock units and tax withholding, following an adjustment to the American Depositary Share (ADS) ratio.
Summary
- On April 18, 2025, Mark DiPaolo, a director of Amarin Corp PLC, reported transactions involving American Depositary Shares (ADS).
- These transactions include the acquisition of 838 ADS upon the vesting of restricted stock units (RSUs).
- A total of 437 ADS were disposed of to cover tax liabilities associated with the vesting of these securities at a price of $9.11.
- The reported transactions reflect adjustments due to an ADS ratio change implemented by Amarin on April 11, 2025, where one ADS now represents twenty ordinary shares.
- DiPaolo directly owns 401 ADS following these transactions and also owns 1,676 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing share transactions by a company director, with no inherent positive or negative sentiment.
Future Outlook
The reporting person has restricted stock units that vest in three equal installments on April 18, 2026 and April 18, 2027.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
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 Issuer's ratio change that one (1) American Depositary Share ('ADS') currently represents twenty (20) Ordinary Shares ('ADS Ratio Change'). |
| 04/18/2025 | Date of transaction: Acquisition of 838 American Depositary Shares (ADS) and disposal of 437 ADS for tax liability. |
| 04/18/2025 | First vesting date of restricted stock units. |
| 04/18/2026 | Second vesting date of restricted stock units. |
| 04/18/2027 | Third vesting date of restricted stock units. |
| 04/22/2025 | Date of signature for the Form 4 filing. |
Keywords
Amarin Corp PLC, Mark DiPaolo, ADS, American Depositary Shares, Restricted Stock Units, Form 4, Director, Share Transactions, Vesting, Tax Withholding
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