Alkermes (ALKS) director receives equity awards and corrects vesting terms
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Alkermes plc director Shane Cooke reported equity awards and corrected vesting terms for a prior grant. He received a restricted stock unit award covering 5,409 ordinary shares and a non-qualified stock option for 11,538 ordinary shares at an exercise price of $36.98 per share, expiring on May 20, 2036. The filing explains that both awards vest in full on the earlier of the one-year anniversary of the grant date or the next annual general meeting of shareholders that occurs at least 50 weeks after the grant date. An amendment clarifies that earlier vesting terms were reported incorrectly and confirms the correct schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cooke Shane
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non Qualified Stock Option (Right to Buy) | 11,538 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit Award | 5,409 | $0.00 | -- |
Holdings After Transaction:
Non Qualified Stock Option (Right to Buy) — 11,538 shares (Direct, null);
Restricted Stock Unit Award — 5,409 shares (Direct, null)
Footnotes (1)
- Shares subject to the award vest (and if applicable, become exercisable) in full on the earlier of the one-year anniversary of the date of grant or the date of the issuer's next annual general meeting of shareholders that occurs at least 50 weeks after the date of grant. This amendment is being filed to reflect the vesting terms applicable to this award, which were reported incorrectly on the original Form 4. The correct vesting schedule is set forth in Footnote 1 above. Each restricted stock unit represents a contingent right to receive one ordinary share.
Key Figures
RSU grant size: 5,409 units
Stock option grant size: 11,538 options
Option exercise price: $36.98 per share
+2 more
5 metrics
RSU grant size
5,409 units
Restricted stock unit award covering ordinary shares
Stock option grant size
11,538 options
Non-qualified stock option for ordinary shares
Option exercise price
$36.98 per share
Non-qualified stock option strike price
Option expiration
May 20, 2036
Non-qualified stock option expiration date
RSU to share ratio
1:1
Each restricted stock unit equals one ordinary share
Key Terms
Restricted Stock Unit Award, Non Qualified Stock Option (Right to Buy), contingent right, annual general meeting of shareholders
4 terms
Restricted Stock Unit Award financial
"security_title: Restricted Stock Unit Award"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Non Qualified Stock Option (Right to Buy) financial
"security_title: Non Qualified Stock Option (Right to Buy)"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one ordinary share."
FAQ
What insider equity awards did Alkermes (ALKS) director Shane Cooke report?
Shane Cooke reported a grant of 5,409 restricted stock units and a non-qualified stock option covering 11,538 ordinary shares. These compensation awards increase his potential future ownership but do not involve any open-market stock purchases or sales.
How do Shane Cooke’s Alkermes (ALKS) restricted stock units vest?
The 5,409 restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual general meeting at least 50 weeks after grant. Each unit represents a contingent right to receive one ordinary share.
What are the key terms of Shane Cooke’s Alkermes (ALKS) stock option grant?
The non-qualified stock option covers 11,538 ordinary shares at an exercise price of $36.98 per share and expires on May 20, 2036. It vests in full on the same schedule as the restricted stock units tied to the grant date.
Why was this Form 4/A amendment filed for Alkermes (ALKS) director Shane Cooke?
The amendment corrects vesting terms previously reported for the equity awards. It states that the original Form 4 contained incorrect vesting information and confirms the proper schedule described in the new footnote, without changing the number of units or options granted.