REESE DAVID M 4
4 · AMGEN INC · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Amgen (AMGN) EVP David M. Reese Sells Shares to Cover Taxes
What Happened
David M. Reese, Executive Vice President & Chief Technology Officer of Amgen, disposed of 1,433 shares of AMGN on May 2, 2026 to satisfy tax withholding obligations. The disposals were in two lots — 746 shares and 687 shares — at $329.82 per share, for total proceeds of approximately $472,632. These disposals are reported as "Payment of exercise price or tax liability (F)," i.e., shares surrendered to cover taxes rather than open-market selling for investment purposes.
Key Details
- Transaction date: May 2, 2026
- Lots: 746 shares @ $329.82 = $246,046; 687 shares @ $329.82 = $226,586; total 1,433 shares for ~$472,632
- Footnote: The shares include 442 Dividend Equivalents (DEs) credited to unvested RSUs under Amgen’s equity plan and paid out in shares per the vesting schedule (F1)
- Transaction type code: F (payment of exercise price or tax liability / tax withholding via share surrender)
- Shares owned after the transaction: not specified in the provided filing excerpt
- Filing: Accession filed May 5, 2026 (reporting period May 2, 2026)
Context
This was a tax-withholding share surrender (often called a "sell to cover" or share-for-tax) tied to equity awards and dividend equivalents, not an open-market sale intended as market timing. Such transactions are common for executives when RSUs vest or dividend equivalents are paid and generally reflect tax settlement rather than a directional bet on the stock.
Insider Transaction Report
- Tax Payment
Common Stock
2026-05-02$329.82/sh−746$246,046→ 41,041 total - Tax Payment
Common Stock
[F1]2026-05-02$329.82/sh−687$226,586→ 40,354 total
Footnotes (1)
- [F1]These shares include 442 Dividend Equivalents (DEs) granted pursuant to the Amgen Inc. Second Amended and Restated 2009 Equity Incentive Plan and subject to a qualifying dividend reinvestment plan. DEs are credited to the reporting person's unvested Restricted Stock Units and are paid out in shares of the Company's common stock on a one-to-one basis according to the vesting schedule, along with a cash payment for any remaining fractional share amount.