Amgen VP has 68 shares withheld for taxes
Amgen Inc. vice president, finance and chief accounting officer Matthew C. Busch reported routine share dispositions related to tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Amgen Inc. vice president, finance and chief accounting officer Matthew C. Busch reported routine share dispositions related to tax withholding. On May 2, 2026, a total of 68 shares of common stock were withheld at $329.82 per share to satisfy tax obligations tied to equity awards.
Following these transactions, Busch directly holds 3,980 shares of Amgen common stock. A footnote explains that his holdings include 49 Dividend Equivalents linked to unvested Restricted Stock Units, which will be settled in common shares as those units vest.
Insider Trade Summary
Exercise Price or Tax Liability: 68 shares
Exercise Price or Tax Liability
2 txns
Insider
Busch Matthew C.
Role
VP, Finance & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 30 | $329.82 | $10K |
| Exercise Price or Tax Liability | Common Stock | 38 | $329.82 | $13K |
Holdings After Transaction:
Common Stock — 3,980 shares (Direct)
Footnotes (1)
- F1. These shares include 49 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. DEs are credited to the reporting person's unvested Restricted Stock Units and are paid out in shares of the Company's common stock on a one-to-one basis according to the vesting schedule, along with a cash payment for any remaining fractional share amount.
Key Figures
Tax-withholding shares: 68 shares
First tax-withholding block: 38 shares
Second tax-withholding block: 30 shares
+3 more
6 metrics
Tax-withholding shares
68 shares
Total F-code dispositions on May 2, 2026
First tax-withholding block
38 shares
Common Stock, disposition for tax liability
Second tax-withholding block
30 shares
Common Stock, disposition for tax liability
Tax-withholding price
$329.82 per share
Valuation used for both F-code transactions
Shares held after transactions
4,018 shares
Direct ownership following May 2, 2026 events
Dividend Equivalents in holdings
49 DEs
Credited to unvested RSUs, settle in common stock
Key Terms
tax-withholding disposition, Dividend Equivalents, Restricted Stock Units, Equity Incentive Plan
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for both Common Stock entries"
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.
Dividend Equivalents financial
"These shares include 49 Dividend Equivalents (DEs) granted pursuant to the Amgen Inc. Second Amended"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Amgen (AMGN) report for Matthew C. Busch?
Amgen reported that VP, Finance & CAO Matthew C. Busch had company shares withheld to cover tax obligations. On May 2, 2026, 68 common shares were disposed of as a tax-withholding transaction rather than an open-market sale, reflecting routine equity compensation mechanics.
What are Dividend Equivalents mentioned in Matthew C. Busch’s Amgen filing?
Dividend Equivalents in Busch’s Amgen filing are credits tied to unvested Restricted Stock Units. The footnote notes 49 Dividend Equivalents, which will be paid in Amgen common stock on a one-to-one basis as the RSUs vest, plus cash for any fractional share amounts.
Were Matthew C. Busch’s Amgen transactions open-market sales or tax withholding?
The Form 4 identifies Matthew C. Busch’s Amgen transactions as tax-withholding dispositions, not open-market sales. Code F indicates shares were delivered to cover exercise price or tax liability, meaning these were mechanical transactions linked to equity awards rather than discretionary selling decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
