Amgen CFO logs tax-withholding share disposition
Amgen Inc. executive Peter H. Griffith, EVP & CFO, reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Amgen Inc. executive Peter H. Griffith, EVP & CFO, reported a routine tax-related share disposition. On the reported date, 556 shares of Amgen common stock were surrendered at $331.11 per share to cover tax obligations, a non-market "tax-withholding disposition" rather than an open-market sale.
Following this transaction, Griffith directly held 50,150 shares of Amgen common stock. A footnote explains that his holdings include Dividend Equivalents credited to unvested Restricted Stock Units under Amgen’s equity incentive plan, which are paid in shares as those awards vest.
Insights
Routine tax withholding tied to equity awards, not an open-market sale.
The filing shows EVP & CFO Peter H. Griffith had 556 Amgen shares surrendered at $331.11 per share to satisfy tax obligations on equity compensation. This F-code event is a mechanical step in administering stock-based pay, not a discretionary trade.
After the transaction, he still holds 50,150 common shares directly, indicating the disposition is small relative to his position. A footnote notes Dividend Equivalents linked to unvested RSUs under Amgen’s equity incentive plan, reinforcing that this activity is tied to long-term compensation rather than a change in his economic exposure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 556 | $331.11 | $184K |
Footnotes (1)
- F1. These shares include 359 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
Key Terms
tax-withholding disposition financial
Dividend Equivalents financial
Restricted Stock Units financial
Equity Incentive Plan financial
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