Amarin (AMRN) COO Keenan details RSU vesting and ADS tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amarin Corporation executive David Paul Keenan, EVP and Chief Operating Officer, reported equity-compensation activity in American Depositary Shares (ADSs) tied to vesting of Restricted Stock Units granted on 10 January 2025. On 1 July 2026, 1,926 ADSs were withheld to satisfy taxes and 3,688 RSUs linked to ADSs were reported. After these transactions he directly holds 15,396 ADSs.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Keenan David Paul
Role
EVP, Chief Operating 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 | 1,926 | $15.94 | $31K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
American Depositary Shares — 15,396 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
Tax-withheld ADSs: 1,926 American Depositary Shares
ADS holdings after transactions: 15,396 American Depositary Shares
RSUs reported in transaction: 3,688 Restricted Stock Units
+2 more
5 metrics
Tax-withheld ADSs
1,926 American Depositary Shares
Shares withheld to cover tax liability on 1 July 2026 vesting
ADS holdings after transactions
15,396 American Depositary Shares
Direct ADS position of David Paul Keenan following 1 July 2026 activity
RSUs reported in transaction
3,688 Restricted Stock Units
RSUs linked to ADSs reported on 1 July 2026
Original RSU grant size
7,376 Restricted Stock Units
Grant made on 10 January 2025 under the 2020 Stock Incentive Plan
ADS to Ordinary Share ratio
1 ADS = 20 Ordinary Shares
Ratio effective after 11 April 2025 ADS Ratio Change
Key Terms
American Depositary Shares, Restricted Stock Units, ADS Ratio Change, Rule 16b-3, +1 more
5 terms
Restricted Stock Units financial
"Reporting person was granted 7,376 Restricted Stock Units under the 2020 Plan"
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.
ADS Ratio Change financial
"Issuer implemented an ADS Ratio Change so one ADS represents twenty 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.
Rule 16b-3 regulatory
"Tax withholding occurred incident to vesting of a security issued 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.
Amarin Corporation plc 2020 Stock Incentive Plan financial
"RSUs were granted under the Amarin Corporation plc 2020 Stock Incentive Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Amarin (AMRN) EVP David Paul Keenan report on July 1, 2026?
David Paul Keenan reported equity activity tied to RSU vesting, including 1,926 ADSs withheld to cover taxes and 3,688 RSUs linked to American Depositary Shares. After these transactions, he directly held 15,396 ADSs in Amarin.
What Restricted Stock Unit grant is referenced in David Paul Keenan’s AMRN Form 4 filing?
Footnotes state that Keenan was granted 7,376 Restricted Stock Units on 10 January 2025 under the Amarin Corporation plc 2020 Stock Incentive Plan. These RSUs vest over eighteen months, with the final tranche scheduled to vest on July 1, 2026.
How many Amarin (AMRN) ADSs does David Paul Keenan hold after the reported transactions?
Following the July 1, 2026 equity-compensation transactions, David Paul Keenan directly holds 15,396 American Depositary Shares of Amarin. This figure reflects his direct ADS position after the tax withholding and RSU-related activity reported in the Form 4.
What does each Amarin (AMRN) RSU represent after the ADS Ratio Change?
Each Restricted Stock Unit reported represents a contingent right to receive twenty Ordinary Shares or cash, at Amarin’s discretion. This follows the ADS Ratio Change under which one ADS equals twenty Ordinary Shares, and equity awards were adjusted proportionately.
How were Amarin (AMRN) equity awards affected by the ADS Ratio Change mentioned in the filing?
Effective April 11, 2025, Amarin implemented an ADS Ratio Change so one ADS represents twenty Ordinary Shares. Footnotes explain that proportionate adjustments were made to all outstanding equity awards, and the share amounts reported already reflect this adjustment.