Amgen (NASDAQ: AMGN) HR SVP reports 151-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amgen Inc. senior vice president of human resources Derek Miller reported a small tax-related share disposition. On May 7, 2026, 151 shares of Amgen common stock were withheld at $331.11 per share to cover tax obligations, a non-market transaction. After this event, Miller directly holds 12,444 shares, which include 99 dividend equivalents tied to unvested restricted stock units that will settle in shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Derek
Role
SVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 151 | $331.11 | $50K |
Holdings After Transaction:
Common Stock — 12,444 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 151 shares
Withholding price: $331.11 per share
Shares held after transaction: 12,444 shares
+1 more
4 metrics
Tax-withheld shares
151 shares
Tax-withholding disposition on May 7, 2026
Withholding price
$331.11 per share
Value used for tax-withholding shares
Shares held after transaction
12,444 shares
Direct holdings following May 7, 2026 transaction
Dividend equivalents
99 DEs
Credited to unvested RSUs under Amgen equity plan
Key Terms
tax-withholding disposition, Dividend Equivalents, Restricted Stock Units, Equity Incentive Plan
4 terms
tax-withholding disposition financial
"151 shares of Amgen common stock were disposed of for tax withholding."
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 99 Dividend Equivalents (DEs) granted pursuant to the Amgen Inc. Second Amended and Restated 2009 Equity Incentive Plan"
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
What did Amgen (AMGN) executive Derek Miller report in this Form 4?
Derek Miller reported a tax-withholding disposition of 151 Amgen common shares. The shares were withheld by the company to satisfy tax obligations related to equity compensation, rather than sold in the open market.
Was this Amgen (AMGN) Form 4 an open-market sale by Derek Miller?
No. The Form 4 describes a tax-withholding disposition, code F, where 151 shares were delivered to cover tax liabilities. This is a compensation-related, non-market transaction, not a voluntary open-market sale of shares by the executive.
What are dividend equivalents mentioned in Derek Miller’s Amgen (AMGN) filing?
The filing notes 99 dividend equivalents (DEs) tied to unvested restricted stock units. These DEs are credited under Amgen’s equity plan and pay out in shares of common stock, plus cash for any fractional amounts, following the RSUs’ vesting schedule.