Amneal (NYSE: AMRX) CFO granted time- and performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amneal Pharmaceuticals Executive Vice President & CFO Tasos Konidaris reported equity awards of restricted stock units. He acquired 72,622 time-based restricted stock units and 72,622 performance-based restricted stock units, each representing a contingent right to receive one share of Amneal’s Class A common stock.
The time-based restricted stock units vest in four equal annual installments beginning on March 2, 2027. The performance-based restricted stock units are tied to Amneal’s average closing share price over a three-year performance period and can pay out from 0% to 200% of the 72,622 target shares, with any earned units vesting in full on February 28, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Konidaris Tasos
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 72,622 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 72,622 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 72,622 shares (Direct);
Performance-Based Restricted Stock Units — 72,622 shares (Direct)
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 72,622 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 Pharmaceuticals (AMRX) report for Tasos Konidaris?
Amneal reported that Executive Vice President & CFO Tasos Konidaris acquired restricted stock unit awards. He received a grant of 72,622 restricted stock units and 72,622 performance-based restricted stock units, each representing a contingent right to receive one share of Amneal Class A common stock.
How many restricted stock units did the Amneal (AMRX) CFO receive in this Form 4 filing?
The Amneal CFO received 72,622 time-based restricted stock units and 72,622 performance-based restricted stock units. Each unit corresponds to a potential share of Class A common stock, subject to meeting time-based vesting or performance-based share price conditions described in the award terms.
What is the vesting schedule for Tasos Konidaris’s time-based restricted stock units at Amneal (AMRX)?
The time-based restricted stock units vest in four equal annual installments beginning on March 2, 2027. This means the award converts into Amneal Class A common shares gradually over four years, assuming continued satisfaction of the award’s service-based conditions.
How do the performance-based restricted stock units for Amneal (AMRX) CFO work?
The performance-based restricted stock units are a 72,622 target-share grant that vests based on Amneal’s average closing share price over a three-year performance period. The payout can range from 0% to 200% of target, with any earned units vesting on February 28, 2029.
What does each restricted stock unit represent in the Amneal (AMRX) Form 4 filing?
Each restricted stock unit and performance-based restricted stock unit represents a contingent right to receive one share of Amneal’s Class A common stock. Actual share delivery depends on satisfying the applicable vesting schedule and, for performance-based awards, achieving specified stock price performance targets.
When does the performance period for Amneal (AMRX) CFO’s performance-based RSUs end?
The performance period for the CFO’s performance-based restricted stock units ends on February 28, 2029. Any earned units, based on Amneal’s average closing share price performance, vest in full on that date, converting into shares of Class A common stock if performance conditions are met.