Form 4: Amgen EVP & CFO Peter Griffith Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Peter Griffith, EVP & CFO of Amgen, disposed of 5,168 shares of common stock to cover tax obligations related to vested Restricted Stock Units (RSUs).
Summary
- On March 18, 2024, Peter H. Griffith, the EVP & CFO of Amgen Inc., reported a transaction involving the disposal of 5,168 shares of Amgen's common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $268.87 per share.
- Following the transaction, Griffith beneficially owns 34,710 shares of Amgen common stock, which includes RSUs vesting at various dates in the future and shares acquired through a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to investors about the trading activities of those with privileged information.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/08/2022 | Date shares were acquired through the Company's quarterly dividend payout dates pursuant to a broker-administered DRIP. |
| 03/18/2024 | Date of the reported stock disposal transaction. |
| 03/18/2024 | Date of the Form 4 filing. |
| 04/30/2024 | Vesting date for 1,102 RSUs. |
| 04/30/2025 | Vesting date for 1,135 RSUs. |
| 05/02/2024 | Vesting date for 1,286 RSUs. |
| 05/02/2025 | Vesting date for 1,286 RSUs and 1,258 RSUs. |
| 05/02/2026 | Vesting date for 1,325 RSUs and 1,259 RSUs. |
| 05/02/2027 | Vesting date for 1,297 RSUs. |
| 05/05/2024 | Vesting date for 1,151 RSUs. |
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