Amarin (NASDAQ: AMRN) COO reports RSU vesting and share withholding
Rhea-AI Filing Summary
Amarin Corporation’s EVP and Chief Operating Officer, Keenan David Paul, reported routine equity compensation activity. On January 2, 2026, 3,688 Restricted Stock Units vested into the right to receive American Depositary Shares at an exercise price of $0.00. These were reflected as 3,688 American Depositary Shares acquired through an option exercise transaction.
To cover tax obligations related to the vesting, the company withheld 1,926 American Depositary Shares at a price of $13.96 per share, which the filing notes was not a market sale. After these transactions, the executive directly owned 9,712 American Depositary Shares and 3,688 RSUs. The filing also reminds investors that one ADS currently represents twenty ordinary shares following an earlier ADS ratio change.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,688 | $0.00 | -- |
| Exercise | American Depositary Shares | 3,688 | $0.00 | -- |
| Tax Withholding | American Depositary Shares | 1,926 | $13.96 | $27K |
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.
FAQ
What insider activity did Amarin (AMRN) report in this Form 4?
The filing reports that EVP and Chief Operating Officer Keenan David Paul had 3,688 Restricted Stock Units vest into American Depositary Shares on January 2, 2026, along with related share withholding for taxes.
What are the executive’s Amarin holdings after the reported Form 4 transactions?
Following the reported transactions, the executive directly owned 9,712 American Depositary Shares and 3,688 Restricted Stock Units, according to the totals shown for beneficial ownership in the filing.
What does each Amarin Restricted Stock Unit represent under the incentive plan?
Each Restricted Stock Unit represents a contingent right to receive twenty ordinary shares or cash in lieu of shares at the company’s discretion, consistent with the description in the footnotes.