Amgen EVP has 556 shares withheld for taxes
Amgen Inc. executive David M. Reese reported a routine tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Amgen Inc. executive David M. Reese reported a routine tax-related share disposition. On 2026-05-07, 556 shares of Amgen common stock were withheld at $331.11 per share to satisfy tax obligations associated with equity compensation. After this withholding, he directly holds 42,256 shares of Amgen common stock. A footnote also notes 350 Dividend Equivalents tied to unvested Restricted Stock Units that will pay out in shares as they vest.
Insider Trade Summary
Exercise Price or Tax Liability: 556 shares
Exercise Price or Tax Liability
1 txn
Insider
REESE DAVID M
Role
EVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 556 | $331.11 | $184K |
Holdings After Transaction:
Common Stock — 42,256 shares (Direct)
Footnotes (1)
- F1. These shares include 350 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: 556 shares
Withholding price: $331.11 per share
Post-transaction holdings: 42,256 shares
+1 more
4 metrics
Tax-withholding shares
556 shares
Common stock withheld on 2026-05-07 for tax obligations
Withholding price
$331.11 per share
Price applied to 556 shares used to satisfy tax liability
Post-transaction holdings
42,256 shares
Direct Amgen common stock held by David M. Reese after transaction
Dividend Equivalents
350 DEs
Credited to unvested RSUs under Amgen 2009 Equity Incentive Plan
Key Terms
Dividend Equivalents (DEs), Restricted Stock Units, Equity Incentive Plan, tax-withholding disposition
4 terms
Dividend Equivalents (DEs) financial
"These shares include 350 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""
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Amgen (AMGN) executive David M. Reese report in this Form 4?
David M. Reese reported a tax-withholding disposition of 556 Amgen common shares. The shares were withheld to cover tax liabilities tied to his equity compensation, a standard administrative transaction rather than an open-market sale or purchase.
What are Dividend Equivalents (DEs) mentioned in David M. Reese’s Amgen (AMGN) filing?
The footnote states that 350 Dividend Equivalents are credited to his unvested Restricted Stock Units. These DEs are paid out in Amgen common shares on a one-to-one basis as the RSUs vest, plus cash for any remaining fractional share.
Which Amgen (AMGN) equity plan governs David M. Reese’s Dividend Equivalents and RSUs?
The Dividend Equivalents are granted under the Amgen Inc. Second Amended and Restated 2009 Equity Incentive Plan. They are tied to unvested Restricted Stock Units and follow the plan’s vesting and dividend reinvestment provisions described in the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
