Amneal Co-CEO granted performance stock units
Patel Chintu reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Patel Chintu reported acquisition or exercise transactions in this Form 4 filing.
Amneal Pharmaceuticals reported that Co-CEO Chintu Patel received a grant of 544,663 performance-based restricted stock units, each tied to one share of Class A common stock. The award vests based on the stock achieving specified average closing price targets over a three-year performance period.
The number of shares ultimately earned can range from 0% to 200% of the target amount, depending on performance. Any earned units are scheduled to vest in full on February 28, 2029. This is a compensation grant at no cash cost per unit, not an open-market purchase or sale.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units | 544,663 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. Represents a performance-based restricted stock unit grant of 544,663 target shares. The performance-based restricted stock units are scheduled to vest based on the Issuer's Class A Common Stock achieving certain average closing price per share targets at the end of the three-year performance period. The number of shares that would be received upon vesting, if any, may vary from 0% to 200% of the target number. The number of performance-based restricted stock units reported in the table above represents the maximum number of shares issuable under the award. Any earned performance-based restricted stock units vest in full on February 28, 2029, the last day of the performance period.
FAQ
What insider transaction did Amneal (AMRX) disclose for Co-CEO Chintu Patel?
How many performance-based RSUs did Amneal (AMRX) grant to Co-CEO Chintu Patel?
When do Chintu Patel’s Amneal (AMRX) performance-based RSUs vest?
What performance conditions apply to Amneal (AMRX) Co-CEO Chintu Patel’s RSU award?
Is Chintu Patel’s Amneal (AMRX) RSU grant an open-market stock purchase or sale?
How does the RSU grant affect Chintu Patel’s Amneal (AMRX) derivative holdings?
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