Amneal (NYSE: AMRX) EVP Andrew Boyer granted time- and performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOYER ANDREW S reported acquisition or exercise transactions in this Form 4 filing.
Amneal Pharmaceuticals Executive Vice President Andrew S. Boyer reported awards of 65,359 restricted stock units and 65,359 performance-based restricted stock units. Each unit represents a contingent right to receive one share of Class A common stock if vesting conditions are met.
The time-based restricted stock units vest in four equal annual installments beginning on March 2, 2027. The performance-based units are tied to average closing price targets over a three-year period ending February 28, 2029, with payout ranging from 0% to 200% of a 65,359-share target and a maximum of 65,359 shares issuable under the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BOYER ANDREW S
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 65,359 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 65,359 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 65,359 shares (Direct);
Performance-Based Restricted Stock Units — 65,359 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 65,359 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 did Amneal Pharmaceuticals (AMRX) executive Andrew S. Boyer report on this Form 4?
Andrew S. Boyer reported receiving 65,359 restricted stock units and 65,359 performance-based restricted stock units. Each unit represents a contingent right to one share of Amneal Class A common stock, subject to time-based vesting and, for performance units, stock price performance targets.
How do the restricted stock units for AMRX executive Andrew S. Boyer vest?
The restricted stock units vest in four equal annual installments starting March 2, 2027. This means one-quarter of the 65,359 units is scheduled to vest each year over four years, assuming continued service and satisfaction of any applicable conditions.
What are the performance conditions on Andrew S. Boyer’s AMRX performance-based RSUs?
The 65,359 performance-based RSUs vest based on Amneal Class A common stock achieving specified average closing price targets over a three-year performance period. Depending on results, payout can range from 0% to 200% of the 65,359-share target at the end of the period.
When do Andrew S. Boyer’s performance-based RSUs in Amneal (AMRX) vest?
Any earned performance-based restricted stock units vest in full on February 28, 2029. This date marks the end of the three-year performance period used to assess whether Amneal’s Class A common stock achieved the required average closing price targets.
Does Andrew S. Boyer pay a purchase price for the AMRX restricted stock units granted?
The reported transaction price per share for both the restricted stock units and performance-based restricted stock units is $0.00. This indicates the awards were granted as equity compensation rather than purchased on the open market at a cash price per share.