Alkermes (ALKS) director McKeon receives RSUs, options and reports tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alkermes plc director Brian P. McKeon reported multiple equity transactions involving ordinary shares and equity awards. He exercised restricted stock units covering 6,142 ordinary shares, with 1,475 shares withheld at $36.95 per share to satisfy tax obligations, leaving 38,536 ordinary shares held directly after the tax-withholding disposition.
He also received a new restricted stock unit award for 5,409 units and a non-qualified stock option for 11,538 shares with a $36.98 exercise price, both granted at no cash cost and each RSU representing a contingent right to one ordinary share. In addition, 10,000 ordinary shares are held indirectly by The Brian P. McKeon Revocable Trust, of which he and his wife are trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,142 shares exercised/converted
Mixed
6 txns
Insider
MCKEON BRIAN P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Award | 6,142 | $0.00 | -- |
| Exercise | Ordinary Shares | 6,142 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 1,475 | $36.95 | $55K |
| Grant/Award | Non Qualified Stock Option (Right to Buy) | 11,538 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit Award | 5,409 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Award — 0 shares (Direct, null);
Ordinary Shares — 40,011 shares (Direct, null);
Non Qualified Stock Option (Right to Buy) — 11,538 shares (Direct, null);
Ordinary Shares — 10,000 shares (Indirect, By the Brian P. McKeon Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one ordinary share. Shares are held by The Brian P. McKeon Revocable Trust, dated April 12, 2007 and amended and restated on February 8, 2019 (the "Brian P. McKeon Trust"), of which the reporting person and his wife are the trustees and members of the reporting person's immediate family are the beneficiaries. 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 award is fully vested in accordance with its terms.
Key Figures
RSUs exercised: 6,142 shares
Tax-withheld shares: 1,475 shares at $36.95/share
Direct holdings after transactions: 40,011 shares
+3 more
6 metrics
RSUs exercised
6,142 shares
Ordinary shares from restricted stock unit exercise
Tax-withheld shares
1,475 shares at $36.95/share
Shares delivered to satisfy tax obligations
Direct holdings after transactions
40,011 shares
Ordinary shares held directly after reported transactions
Indirect trust holdings
10,000 shares
Ordinary shares held by The Brian P. McKeon Trust
New RSU award
5,409 units
Restricted stock units representing rights to ordinary shares
New stock option grant
11,538 options at $36.98
Non-qualified stock option expiring May 20, 2036
Key Terms
Restricted Stock Unit Award, Non Qualified Stock Option (Right to Buy), tax-withholding disposition, derivative exercise/conversion, +1 more
5 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)""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What equity awards did Alkermes (ALKS) director Brian P. McKeon receive in this Form 4?
Brian P. McKeon received a restricted stock unit award for 5,409 units and a non-qualified stock option for 11,538 shares at a $36.98 exercise price. Each restricted stock unit represents a contingent right to receive one Alkermes ordinary share.
How do the new Alkermes (ALKS) equity awards vest for Brian P. McKeon?
Shares subject to the new awards vest, and where applicable become exercisable, in full on the earlier of the one-year anniversary of the grant date or the issuer’s next annual general meeting held at least 50 weeks after the grant date.