Amgen (NASDAQ: AMGN) SVP & CCO logs 88-share tax withholding, holds 7,330 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amgen Inc. senior vice president and chief compliance officer Nancy A. Grygiel reported routine share activity involving Amgen common stock. The filing shows a tax-withholding disposition of 88 shares of common stock at $331.11 per share, used to cover tax obligations rather than representing an open-market sale. After this transaction, she holds 7,330 Amgen shares directly. The filing also notes an indirect holding of 106.1864 shares in a 401(k) plan, which includes 58 Dividend Equivalents tied to unvested Restricted Stock Units that will be paid out in shares as they vest.
Positive
- None.
Negative
- None.
Insights
Form 4 shows routine tax withholding and small 401(k) holdings.
The filing for Nancy A. Grygiel at Amgen Inc. records an F-code tax-withholding disposition of 88 shares at $331.11 per share. F-code events typically reflect automated share withholding to satisfy tax liabilities on equity compensation rather than discretionary selling.
Following the transaction, Grygiel holds 7,330 shares directly, plus 106.1864 shares indirectly in a 401(k) plan that includes 58 Dividend Equivalents linked to unvested Restricted Stock Units. With no open‑market buys or sells and no remaining derivatives listed, this filing reads as routine compensation and retirement-plan administration.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Grygiel Nancy A.
Role
SVP & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 88 | $331.11 | $29K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,330 shares (Direct, null);
Common Stock — 106.186 shares (Indirect, 401(k) Plan)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 88 shares
Withholding price: $331.11 per share
Direct holdings after transaction: 7,330 shares
+2 more
5 metrics
Tax-withheld shares
88 shares
F-code tax-withholding disposition at $331.11 per share
Withholding price
$331.11 per share
Price used for 88-share tax-withholding disposition
Direct holdings after transaction
7,330 shares
Amgen common stock held directly by Nancy A. Grygiel
401(k) Plan holdings
106.1864 shares
Indirect Amgen holdings in 401(k) Plan, including Dividend Equivalents
Dividend Equivalents
58 DEs
Credited under 2009 Equity Incentive Plan to unvested RSUs
Key Terms
tax-withholding disposition, Dividend Equivalents, Restricted Stock Units, 401(k) Plan, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 88-share event"
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 58 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.
401(k) Plan financial
"total_shares_following_transaction: "106.1864"; nature_of_ownership: "401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
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 Nancy Grygiel report in this Form 4?
Nancy A. Grygiel reported a tax-withholding disposition of 88 Amgen common shares at $331.11 per share. This F-code transaction covers tax obligations on equity compensation rather than an open-market sale, and leaves her with 7,330 directly held shares afterward.
Was the Amgen (AMGN) Form 4 transaction an open-market sale?
The Form 4 shows an F-code tax-withholding disposition, not an open-market sale. 88 shares were delivered at $331.11 per share to satisfy tax liability, a routine mechanism when equity awards vest or are exercised, without indicating discretionary selling activity.
What is the significance of the 401(k) Plan holding in the Amgen (AMGN) Form 4?
The Form 4 lists an indirect holding of 106.1864 Amgen shares in a 401(k) Plan. This amount includes 58 Dividend Equivalents credited to unvested Restricted Stock Units, which will be paid in Amgen common stock as the underlying units vest, plus cash for fractional amounts.
What are Dividend Equivalents mentioned in the Amgen (AMGN) insider filing?
Dividend Equivalents are credits that mirror dividends on unvested Restricted Stock Units. In this filing, 58 Dividend Equivalents were granted under Amgen’s 2009 Equity Incentive Plan and are paid out in Amgen common shares on a one-to-one basis as the related RSUs vest, with cash for fractional shares.