Amgen EVP has 1,433 shares withheld for taxes
Amgen Inc. executive David M. Reese reported routine tax-related share dispositions.
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Form Type
4
Rhea-AI Filing Summary
Amgen Inc. executive David M. Reese reported routine tax-related share dispositions. On May 2, 2026, a total of 1,433 shares of Amgen common stock were withheld at $329.82 per share to cover tax obligations, classified as tax-withholding dispositions rather than open-market sales.
A footnote notes that the reported holdings include 442 Dividend Equivalents tied to unvested Restricted Stock Units, which will be paid in common shares on a one-to-one basis as those units vest.
Insider Trade Summary
Exercise Price or Tax Liability: 1,433 shares
Exercise Price or Tax Liability
2 txns
Insider
REESE DAVID M
Role
EVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 746 | $329.82 | $246K |
| Exercise Price or Tax Liability | Common Stock | 687 | $329.82 | $227K |
Holdings After Transaction:
Common Stock — 40,354 shares (Direct)
Footnotes (1)
- F1. These shares include 442 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: 1,433 shares
Tax-withholding price: $329.82 per share
First withholding lot: 687 shares
+2 more
5 metrics
Tax-withholding shares
1,433 shares
Total common shares withheld for tax obligations on May 2, 2026
Tax-withholding price
$329.82 per share
Price applied to both tax-withholding dispositions
First withholding lot
687 shares
Common stock withheld in first F-code transaction
Second withholding lot
746 shares
Common stock withheld in second F-code transaction
Dividend Equivalents
442 units
Dividend Equivalents credited to unvested RSUs, payable in stock
Key Terms
tax-withholding disposition, Dividend Equivalents, Restricted Stock Units, Equity Incentive Plan
4 terms
tax-withholding disposition financial
"classified as tax-withholding dispositions rather than open-market sales"
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 442 Dividend Equivalents (DEs) granted pursuant to the Amgen Inc."
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"
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 did Amgen (AMGN) EVP David M. Reese report on this Form 4?
David M. Reese reported tax-withholding dispositions of Amgen common stock. On May 2, 2026, a total of 1,433 shares were withheld at $329.82 per share to satisfy tax obligations, rather than being sold in open-market transactions.
Were David M. Reese’s Amgen (AMGN) transactions open-market sales?
No, the transactions were not open-market sales. Both were coded as “F” on the Form 4, meaning shares were withheld by the company to pay tax liabilities, a routine, non-discretionary mechanism rather than a voluntary sale of shares.
How are Reese’s Amgen (AMGN) Dividend Equivalents paid out?
Dividend Equivalents are paid out in Amgen common stock on a one-to-one basis as the related Restricted Stock Units vest. In addition, any remaining fractional share amount is settled in cash, following the vesting schedule described in the equity incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
