Amarin director exercises RSUs, ADS withheld for tax
Amarin director Louis Sterling III exercised 838 Restricted Stock Units on April 18, 2026, receiving 838 American Depositary Shares.
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Form Type
4
Rhea-AI Filing Summary
Amarin director Louis Sterling III exercised 838 Restricted Stock Units on April 18, 2026, receiving 838 American Depositary Shares. The issuer withheld 403 ADS to cover tax liability at $14.98 per share. Following these transactions, he holds 4,049 ADS directly.
Insider Trade Summary
838 shares exercised/converted
Exercise
3 txns
Insider
Sterling Louis III
Role
Director
| 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 | 403 | $14.98 | $6K |
Holdings After Transaction:
Restricted Stock Unit — 838 contracts (Direct);
American Depositary Shares — 4,049 shares (Direct)
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
RSUs exercised: 838 Restricted Stock Units
ADS acquired from RSU exercise: 838 American Depositary Shares
Shares withheld for tax: 403 American Depositary Shares
+5 more
8 metrics
RSUs exercised
838 Restricted Stock Units
Exercised on April 18, 2026 into American Depositary Shares
ADS acquired from RSU exercise
838 American Depositary Shares
Received upon RSU exercise on April 18, 2026
Shares withheld for tax
403 American Depositary Shares
Withheld by issuer at $14.98 per share to cover tax liability
Tax withholding price
$14.98 per share
Per-share price used for ADS withheld for taxes
Post-transaction holdings
4,049 American Depositary Shares
Director’s direct ADS holdings after reported transactions
RSUs granted
2,514 RSUs
Granted on April 18, 2024 under the 2020 Stock Incentive Plan
ADS ratio
1 ADS = 20 Ordinary Shares
ADS Ratio Change effective April 11, 2025
Ordinary Shares per RSU
20 Ordinary Shares per RSU
Each RSU is a contingent right to receive twenty Ordinary Shares or cash
Key Terms
Restricted Stock Unit, American Depositary Shares, Rule 16b-3, ADS Ratio Change, +1 more
5 terms
Restricted Stock Unit financial
"Security title recorded as Restricted Stock Unit for derivative transaction."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Rule 16b-3 regulatory
"Footnote explains withholding of shares incident to vesting under Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
ADS Ratio Change financial
"Footnote notes an ADS Ratio Change where 1 ADS equals 20 Ordinary Shares."
An ads ratio change is an adjustment to how many American Depositary Shares (ADS) represent one unit of a foreign company’s ordinary shares — like changing whether a cake is cut into 2 or 10 slices. Investors care because it alters the number of tradable ADS, the implied price per ADS and an investor’s ownership stake, which can affect liquidity, perceived value and comparisons of holdings across markets.
contingent right financial
"Footnote states each RSU represents a contingent right to receive Ordinary Shares."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Amarin (AMRN) director Louis Sterling III report?
Louis Sterling III exercised 838 Restricted Stock Units into 838 American Depositary Shares on April 18, 2026. The issuer also withheld 403 ADS at $14.98 per share for taxes, leaving him with 4,049 ADS held directly.
What are Louis Sterling III’s Amarin (AMRN) holdings after these transactions?
After the reported equity transactions, Louis Sterling III holds 4,049 American Depositary Shares directly. This canonical post-transaction balance reflects the RSU exercise, tax withholding disposition, and any prior holdings consolidated into his current ADS position.
What RSU grant and vesting schedule does Amarin (AMRN) describe for Louis Sterling III?
A footnote states he was granted 2,514 RSUs on April 18, 2024 under Amarin’s 2020 Stock Incentive Plan. These RSUs vest in three equal installments on April 18, 2025, 2026 and 2027, forming part of his ongoing equity-based compensation.
What does each RSU represent in Amarin (AMRN)’s equity plans?
Each Restricted Stock Unit represents a contingent right to receive twenty Ordinary Shares or cash in lieu at Amarin’s discretion. This structure links RSU awards directly to Ordinary Shares while allowing settlement flexibility between share delivery and cash payment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
