Amarin director’s RSUs vest with tax withholding
Amarin Corporation director Oliver O’Connor reported routine equity compensation activity involving American Depositary Shares (ADSs).
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Rhea-AI Filing Summary
Amarin Corporation director Oliver O’Connor reported routine equity compensation activity involving American Depositary Shares (ADSs). On April 18, he acquired 838 ADSs through the vesting and conversion of Restricted Stock Units, while 438 ADSs were withheld by the company to cover tax obligations.
After these transactions, he directly held 801 ADSs. A prior grant on April 18, 2024 covered 2,514 RSUs vesting in three equal installments on April 18, 2025, 2026 and 2027. Each RSU represents a contingent right to receive one ADS, and each ADS currently represents twenty ordinary shares after an ADS ratio change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 838 | $0.00 | $0.00 |
| Exercise | American Depositary Shares | 838 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | American Depositary Shares | 438 | $14.98 | $7K |
Footnotes (5)
- F1. Effective April 11, 2025, the Issuer implemented a ratio change that one (1) American Depositary Share ("ADS") currently represents twenty (20) Ordinary Shares ("ADS Ratio Change"). Proportionate adjustments were made to the Issuer's outstanding equity awards. The amount of securities reported on this Form 4 reflect the ADS Ratio Change.
- F2. On April 18, 2024, following the conclusion of the Issuer's annual general meeting of shareholders for 2024, the Reporting Person was granted 2,514 RSUs under the Amarin Corporation plc 2020 Stock Incentive Plan (the "Plan"). These RSUs vest in three equal installments on each of April 18, 2025, April 18, 2026 and April 18, 2027.
- F3. Not applicable.
- F4. Represents withholding by the Issuer of shares in respect of tax liability incident to the vesting of a security issued in accordance with Rule 16b-3, and not a market sale of securities.
- F5. Each RSU represents a contingent right to receive twenty Ordinary Shares or cash in lieu thereof at the Issuer's discretion.
Key Figures
Key Terms
Restricted Stock Unit financial
Rule 16b-3 regulatory
ADS Ratio Change financial
Stock Incentive Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Amarin (AMRN) director Oliver O’Connor report?
How many Amarin (AMRN) ADSs does Oliver O’Connor hold after these transactions?
What RSU grant underpins Oliver O’Connor’s recent Amarin (AMRN) filings?
How does the ADS ratio change affect Amarin (AMRN) director equity awards?
What does each Amarin (AMRN) RSU represent for Oliver O’Connor?
AI-generated analysis. How Rhea-AI works. Not financial advice.