Form 4: Amarin Director Paul Cohen Reports Share Transactions Following ADS Ratio Change
SEC Form 4 Filing
Director Paul Cohen reports acquisition and disposal of Amarin shares related to vesting of restricted stock units and tax obligations following an ADS ratio change.
Summary
- Paul Cohen, a director of Amarin Corp PLC, filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred on April 18, 2025, following an ADS ratio change where one ADS now represents twenty ordinary shares.
- Cohen acquired 838 American Depositary Shares (ADS) through the vesting of restricted stock units (RSUs).
- He also disposed of 437 ADS to cover tax liabilities at a price of $9.11 per share.
- Following these transactions, Cohen directly owns 401 ADS and 1,676 RSUs.
- The RSUs represent a contingent right to receive twenty ordinary shares or cash at the Issuer's discretion.
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.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of the Issuer's annual general meeting of shareholders for 2024, when the 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 transactions: acquisition of ADS through RSU vesting and disposal of ADS for tax liabilities. |
| 04/18/2025 | First vesting date of the award granted on April 18, 2024. |
| 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. |
| 04/22/2025 | Date of signature of the Form 4 filing. |
Keywords
Form 4, Amarin Corp PLC, Paul Cohen, Director, Beneficial Ownership, ADS, Restricted Stock Units, Tax Withholding, ADS Ratio Change
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