Amgen (NASDAQ: AMGN) EVP disposes 615 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amgen Inc. executive vice president of Global Commercial Operations Murdo Gordon reported a small stock transaction related to taxes. On a Form 4, he showed a tax-withholding disposition of 615 shares of Amgen common stock at $331.11 per share, a mechanistic step to cover obligations associated with equity compensation rather than an open-market sale. After this transaction, he directly holds 51,222 shares of Amgen common stock. The reported holdings include 386 Dividend Equivalents tied to unvested restricted stock units under Amgen’s equity incentive plan, which will be paid out in shares as those units vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gordon Murdo
Role
EVP, Global Commercial Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 615 | $331.11 | $204K |
Holdings After Transaction:
Common Stock — 51,222 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares: 615 shares
Tax-withholding price: $331.11 per share
Shares held after transaction: 51,222 shares
+1 more
4 metrics
Tax-withholding shares
615 shares
Common stock disposed on Form 4 as tax-withholding
Tax-withholding price
$331.11 per share
Price per Amgen share for 615-share disposition
Shares held after transaction
51,222 shares
Direct Amgen common stock holdings following Form 4 event
Dividend Equivalents included
386 DEs
Dividend Equivalents tied to unvested RSUs in holdings
Key Terms
Dividend Equivalents (DEs), Restricted Stock Units, Equity Incentive Plan, tax-withholding disposition
4 terms
Dividend Equivalents (DEs) financial
"These shares include 386 Dividend Equivalents (DEs) granted pursuant to the Amgen Inc. Second Amended and Restated 2009 Equity Incentive Plan"
Restricted Stock Units financial
"DEs are credited to the reporting person's unvested Restricted Stock Units and are paid out in shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"granted pursuant to the Amgen Inc. Second Amended and Restated 2009 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" and transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
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.
FAQ
What insider transaction did Amgen (AMGN) report for Murdo Gordon?
Amgen reported that EVP Global Commercial Operations Murdo Gordon disposed of 615 shares of common stock. The Form 4 states this was a tax-withholding disposition, meaning shares were withheld to satisfy tax obligations tied to equity compensation, not an open-market sale.
What does the Form 4 say about Dividend Equivalents in Murdo Gordon’s Amgen (AMGN) holdings?
The Form 4 notes that Gordon’s holdings include 386 Dividend Equivalents granted under Amgen’s 2009 Equity Incentive Plan. These Dividend Equivalents are credited to unvested restricted stock units and will be paid out in Amgen common shares as the units vest, plus cash for any fractional share.
Is Murdo Gordon’s Amgen (AMGN) Form 4 transaction a routine tax-withholding event?
Yes. The transaction is coded “F” and described as payment of exercise price or tax liability by delivering securities. This indicates a routine tax-withholding disposition associated with equity compensation, rather than an elective open-market purchase or sale of Amgen shares.