Amneal (AMRX) Co-CEO awarded time- and performance-based RSUs
Rhea-AI Filing Summary
Patel Chirag K. reported acquisition or exercise transactions in this Form 4 filing.
Amneal Pharmaceuticals reported that President and Co-CEO Chirag K. Patel received equity awards in the form of restricted stock units. He was granted 190,632 time-based restricted stock units, each representing a right to receive one share of Class A common stock, vesting in four equal annual installments beginning on March 2, 2027.
He also received 354,031 performance-based restricted stock units, tied to the company’s average closing share price over a three-year performance period. The number of shares ultimately delivered may range from 0% to 200% of the target, with any earned units vesting in full on February 28, 2029, and the table reflecting the maximum shares issuable.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 190,632 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 354,031 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units vest in four equal annual installments beginning on March 2, 2027. Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents a performance-based restricted stock unit grant of 354,031 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.