Form 4: Amarin Director Mark DiPaolo Reports Share Transactions Following ADS Ratio Change

Sentiment:

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

DateDescription
04/18/2024Reporting Person was granted an award that vests in three equal installments on each of April 18, 2025, April 18, 2026 and April 18, 2027
04/11/2025Effective date of the Issuer's ratio change that one (1) American Depositary Share ('ADS') currently represents twenty (20) Ordinary Shares ('ADS Ratio Change').
04/18/2025Date of transaction: Acquisition of 838 American Depositary Shares (ADS) and disposal of 437 ADS for tax liability.
04/18/2025First vesting date of restricted stock units.
04/18/2026Second vesting date of restricted stock units.
04/18/2027Third vesting date of restricted stock units.
04/22/2025Date 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

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.