Amgen (AMGN) EVP Jonathan Graham reports tax-withholding of 5,353 shares
Rhea-AI Filing Summary
Amgen Inc. executive Jonathan P. Graham reported a routine tax-related share disposition. On this Form 4, 5,353 shares of Amgen common stock were withheld at $366.21 per share to satisfy tax obligations, rather than sold in the open market. After this withholding, he directly owns 39,267 shares. The reported holdings include 659 dividend equivalent units that will pay out in Amgen shares as related restricted stock units vest.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 5,353 shares
Net Sell
1 txn
Insider
Graham Jonathan P
Role
EVP & Gen. Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,353 | $366.21 | $1.96M |
Holdings After Transaction:
Common Stock — 39,267 shares (Direct)
Footnotes (1)
- F1. These shares include 659 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.
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FAQ
What insider transaction did Amgen (AMGN) report for Jonathan P. Graham?
Amgen reported that Jonathan P. Graham had 5,353 shares withheld to cover tax liabilities. This was a Form 4 transaction coded “F,” meaning it was a tax-withholding disposition, not an open-market buy or sell of Amgen stock.
What does the dividend equivalents footnote mean in the Amgen (AMGN) Form 4?
The footnote explains that Graham’s holdings include 659 dividend equivalents tied to unvested restricted stock units. These credits will be paid out in Amgen common shares on a one-to-one basis as the underlying restricted stock units vest over time.
What does transaction code “F” indicate in the Amgen (AMGN) Form 4 filing?
Code “F” indicates shares were used to pay an exercise price or tax liability. In this case, 5,353 Amgen shares were withheld to cover taxes on equity compensation, a non-market, administrative disposition rather than a standard buy or sell transaction.