Amgen SVP uses 365 shares for tax withholding
Amgen Inc. senior vice president of human resources Derek Miller reported routine share dispositions tied to tax withholding, not open-market sales.
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Form Type
4
Rhea-AI Filing Summary
Amgen Inc. senior vice president of human resources Derek Miller reported routine share dispositions tied to tax withholding, not open-market sales. On May 2, 2026, a total of 365 shares of Amgen common stock were withheld at $329.82 per share to cover tax liabilities on equity awards.
A footnote explains that his holdings include 123 Dividend Equivalents credited under Amgen’s equity incentive plan, which will be paid out as common shares on a one-for-one basis as related restricted stock units vest.
Insider Trade Summary
Exercise Price or Tax Liability: 365 shares
Exercise Price or Tax Liability
2 txns
Insider
Miller Derek
Role
SVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 167 | $329.82 | $55K |
| Exercise Price or Tax Liability | Common Stock | 198 | $329.82 | $65K |
Holdings After Transaction:
Common Stock — 11,808 shares (Direct)
Footnotes (1)
- F1. These shares include 123 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: 365 shares
First withholding lot: 198 shares
Second withholding lot: 167 shares
+2 more
5 metrics
Tax-withholding shares
365 shares
Total shares used for tax withholding on May 2, 2026
First withholding lot
198 shares
Common stock, tax-withholding disposition at $329.82 per share
Second withholding lot
167 shares
Common stock, tax-withholding disposition at $329.82 per share
Price per share
$329.82 per share
Value used for tax-withholding dispositions on May 2, 2026
Dividend Equivalents
123 units
Credited to unvested RSUs, payable one-for-one in common shares
Key Terms
Dividend Equivalents (DEs), Restricted Stock Units, Equity Incentive Plan, tax-withholding disposition
4 terms
Dividend Equivalents (DEs) financial
"These shares include 123 Dividend Equivalents (DEs) granted pursuant to the Amgen Inc. Second Amended and Restated 2009 Equity Incentive Plan"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Amgen (AMGN) SVP Derek Miller report?
Derek Miller reported share dispositions used to cover tax obligations, not a market sale. On May 2, 2026, 365 Amgen common shares were withheld as payment of tax liabilities related to his equity awards at a reported price of $329.82 per share.
Was Derek Miller’s Form 4 for Amgen (AMGN) an open-market sale?
No, the Form 4 reflects tax-withholding dispositions rather than open-market selling. Code F indicates shares were delivered to satisfy tax liabilities on equity compensation awards, meaning Miller did not actively sell shares into the market for discretionary portfolio reasons.
What does the Dividend Equivalents footnote mean in Derek Miller’s Amgen (AMGN) filing?
The footnote explains that 123 Dividend Equivalents are credited to Miller’s unvested restricted stock units. These Dividend Equivalents will be paid out in Amgen common shares on a one-to-one basis as the related RSUs vest, plus cash for any remaining fractional share amount.
How are Dividend Equivalents on Amgen (AMGN) RSUs paid to Derek Miller?
Dividend Equivalents are credited to his unvested RSUs under Amgen’s equity plan. They are settled in shares of Amgen common stock on a one-for-one basis following the RSUs’ vesting schedule, along with a cash payment to cover any remaining fractional share amount.
AI-generated analysis. How Rhea-AI works. Not financial advice.
