Amneal (NYSE: AMRX) EVP awarded time- and performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shah Nikita reported acquisition or exercise transactions in this Form 4 filing.
Amneal Pharmaceuticals Executive Vice President Nikita Shah received equity awards in the form of restricted stock units. She was granted 65,359 time-based restricted stock units and 65,359 performance-based restricted stock units, each representing a right to receive one share of Class A common stock.
The time-based units vest in four equal annual installments starting on March 2, 2027. The performance-based units are tied to average closing price targets over a three-year performance period, with potential payout from 0% to 200% of the target, and any earned units vesting on February 28, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shah Nikita
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 equity awards did Amneal (AMRX) Executive Vice President Nikita Shah receive?
Nikita Shah received two equity awards: 65,359 restricted stock units and 65,359 performance-based restricted stock units. Each unit represents a contingent right to receive one share of Amneal’s Class A common stock, subject to vesting conditions over several years.
How do the time-based restricted stock units for Amneal (AMRX) EVP vest?
The time-based restricted stock units granted to Amneal Executive Vice President Nikita Shah vest in four equal annual installments. Vesting begins on March 2, 2027, and continues each year after that date, assuming the applicable service-based conditions are satisfied for each installment.
What determines vesting of the performance-based RSUs granted by Amneal (AMRX)?
The performance-based restricted stock units vest based on Amneal’s Class A common stock achieving specified average closing price targets over a three-year performance period. The number of shares earned may range from 0% to 200% of the target number specified in the award.
When do the performance-based RSUs for Amneal (AMRX) Executive Vice President vest if earned?
Any performance-based restricted stock units that are earned under the award vest in full on February 28, 2029. This date marks the last day of the three-year performance period used to measure the stock price targets governing the award’s payout.
What type of Form 4 activity occurred for Amneal (AMRX) Executive Vice President Nikita Shah?
The Form 4 reflects grant or award acquisitions of derivative securities, not open-market trades. It reports two acquisitions of restricted stock units and performance-based restricted stock units, each with 65,359 units, at a price of $0.0000 per unit as equity compensation.