Amarin (NASDAQ: AMRN) CLO gets RSU shares; some withheld for tax
Rhea-AI Filing Summary
Amarin Corporation EVP and Chief Legal Officer Jonathan Provoost reported equity compensation activity dated July 1, 2026. He acquired 3,688 American Depositary Shares (ADS) in connection with Restricted Stock Units (RSUs), while 1,264 ADS were withheld to cover tax obligations, which the company notes is not a market sale. The disclosure also references RSU awards, including a 7,376-unit grant vesting in two tranches in 2026, with each RSU representing a contingent right to receive twenty ordinary shares or cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Provoost Jonathan
Role
EVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,688 | $0.00 | -- |
| Exercise | American Depositary Shares | 3,688 | -- | -- |
| Tax Withholding | American Depositary Shares | 1,264 | $15.94 | $20K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
American Depositary Shares — 5,888 shares (Direct)
Footnotes (1)
- 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. On January 10, 2025, the Reporting Person was granted 7,376 Restricted Stock Units ("RSUs") under the Amarin Corporation plc 2020 Stock Incentive Plan (the "Plan"). The shares subject to this grant shall vest over eighteen months, with 50% to vest on January 2, 2026 and the remaining balance to vest on July 1, 2026. Not applicable. 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. Each RSU represents a contingent right to receive twenty Ordinary Shares or cash in lieu thereof at the Issuer's discretion.
Key Figures
RSU-related ADS acquired: 3,688 American Depositary Shares
ADS withheld for taxes: 1,264 American Depositary Shares
RSU grant size: 7,376 Restricted Stock Units
+4 more
7 metrics
RSU-related ADS acquired
3,688 American Depositary Shares
ADS acquired through RSU-related exercise/conversion on July 1, 2026
ADS withheld for taxes
1,264 American Depositary Shares
Shares withheld by Amarin to cover tax liability on July 1, 2026
RSU grant size
7,376 Restricted Stock Units
RSUs granted on January 10, 2025 under the 2020 Stock Incentive Plan
RSU vesting dates
January 2, 2026 and July 1, 2026
Two vesting tranches for the 7,376 RSUs (50% on each date)
ADS to Ordinary Share 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
Tax withholding price
$15.94 per ADS
Price per share for 1,264 ADS withheld for taxes on July 1, 2026
Key Terms
American Depositary Shares, Restricted Stock Unit, Rule 16b-3, ADS Ratio Change, +1 more
5 terms
Restricted Stock Unit financial
"The Reporting Person was granted 7,376 Restricted Stock Units under the 2020 Stock Incentive Plan"
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
"Represents withholding of shares for tax liability incident to vesting in accordance with 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
"The Issuer implemented a ratio change so one ADS represents twenty Ordinary Shares ("ADS Ratio Change")"
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
"Each RSU represents a contingent right to receive twenty Ordinary Shares or cash"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did AMRN executive Jonathan Provoost report on July 1, 2026?
Jonathan Provoost reported RSU-related equity activity, acquiring 3,688 American Depositary Shares and having 1,264 ADS withheld for taxes. The filing also references a 7,376-unit RSU grant that vests in two stages during 2026 under Amarin’s stock incentive plan.
How many Restricted Stock Units are associated with Jonathan Provoost’s AMRN compensation plan?
A prior grant of 7,376 Restricted Stock Units (RSUs) is referenced. Under that grant, 50% vest on January 2, 2026 and the remaining 50% vest on July 1, 2026, reflecting an eighteen‑month vesting schedule under Amarin’s 2020 Stock Incentive Plan.
How were taxes handled for Jonathan Provoost’s AMRN RSU vesting?
Amarin withheld 1,264 ADS to satisfy Jonathan Provoost’s tax liability related to RSU vesting. A footnote clarifies this was issuer withholding under Rule 16b-3, not a discretionary open-market sale of shares by the executive.
What vesting schedule applies to Jonathan Provoost’s 7,376 RSUs at AMRN?
The 7,376 RSUs granted on January 10, 2025 vest over eighteen months: 50% vest on January 2, 2026, and the remaining 50% vest on July 1, 2026, subject to the terms of Amarin’s 2020 Stock Incentive Plan.