Santos Esteban 4

What Happened

• Santos Esteban, Executive Vice President, Operations at Amgen, disposed of 522 shares on May 7, 2026 to satisfy a tax liability (reported with transaction code F). The reported per-share amount was $331.11, for a total value of $172,839.
• This was a tax-withholding/disposition related to equity compensation (not an open-market, discretionary sale).

Key Details

• Transaction date and price: 2026-05-07 at $331.11 per share.
• Shares disposed: 522; total reported value: $172,839.
• Footnote: 327 of these shares represent Dividend Equivalents (DEs) credited to unvested Restricted Stock Units under Amgen’s 2009 Equity Incentive Plan; DEs are paid in shares on a one-to-one basis per the vesting schedule (plus cash for fractional shares).
• Transaction code: F (payment of exercise price or tax liability — here used to cover tax withholding).
• Filing timeliness: Form 4 filed 2026-05-11. Because the transaction occurred 2026-05-07, the Form 4 was filed within the typical 2-business-day reporting window and is not marked late.
• Shares owned after transaction: not specified in the summary provided.

Context

• This type of transaction is a routine tax withholding related to equity awards (RSUs/DEs) and does not necessarily indicate a change in the insider’s view of the company. It differs from an open-market sale, which would more directly reflect selling activity.