Form 4: Amgen EVP, Operations, Esteban Santos, Reports Stock Disposals for Tax Obligations

Esteban Santos, EVP of Operations at Amgen, reports the disposal of shares to cover tax obligations related to vested restricted stock units.

Summary

• Esteban Santos, an Executive Vice President at Amgen, filed a Form 4 detailing changes in beneficial ownership of Amgen stock.
• The report indicates the disposal of Amgen common stock to satisfy tax withholding obligations.
• On May 2, 2025, Santos disposed of 655 shares at $283.78 and 621 shares at $283.78.
• Following these transactions, Santos directly owns 73,040 shares of Amgen common stock.
• Santos also indirectly owns 882.4151 shares through the company's 401(k) plan.
• These shares include 373 Dividend Equivalents (DEs) granted pursuant to the Amgen Inc. Second Amended and Restated 2009 Equity Incentive Plan and subject to a qualifying dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. These filings are common for publicly traded companies and are used to ensure fair market practices.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are related to routine tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Amgen, AMGN, Esteban Santos, Stock Disposal, Tax Withholding, 401(k) Plan, Dividend Equivalents, Equity Incentive Plan