Santos Esteban 4

What Happened

• Santos Esteban, Executive Vice President, Operations at Amgen (AMGN), disposed of 5,621 shares on March 16, 2026 to satisfy a tax liability related to equity compensation. The shares were disposed at $366.21 each, totaling approximately $2,058,466. This transaction reflects tax-withholding from equity awards rather than an open-market sale for investment purposes.

Key Details

• Transaction date and price: 3/16/2026 — 5,621 shares disposed at $366.21 per share.
• Transaction value: ~$2,058,466.
• Shares owned after transaction: Not specified in the excerpt of the filing provided.
• Footnotes: F1 — 696 of the shares are Dividend Equivalents credited to unvested RSUs and paid out in shares on a one-for-one basis per the vesting schedule; F2 — some holdings are via the company 401(k) stock fund (reported as plan interests).
• Filing timeliness: Reported on 3/18/2026 (two days after the transaction), which is timely for Form 4 reporting.

Context

• Code F indicates shares were used to satisfy tax withholding obligations tied to equity compensation (common when RSUs vest or options are exercised). Such withholding transactions are routine administrative actions and do not necessarily indicate the insider's view of the company’s prospects.