Keenan David Paul 4
4 · AMARIN CORP PLC\UK · Filed Jul 15, 2026
Research Summary
AI-generated summary of this filing
Amarin (AMRN) COO Keenan Exercises RSUs; Shares Withheld for Taxes
What Happened
Keenan David Paul, Chief Operating Officer of Amarin Corporation plc (AMRN), had 3,688 restricted stock units (RSUs) convert/vest on July 1, 2026 (reported as an exercise/conversion of a derivative). Of those 3,688 shares, 1,926 shares were withheld by the company to satisfy the tax withholding obligation at $15.94 per share, for a withheld value of $30,700. The vesting/award is reported as a derivative transaction (RSU conversion/award), not an open-market sale.
Key Details
- Transaction date: July 1, 2026 (Form filed July 15, 2026).
- Shares acquired (vested/converted): 3,688 shares (reported as derivative acquisition).
- Shares withheld for taxes: 1,926 shares disposed/withheld at $15.94/share = $30,700 (code F indicates tax withholding, not a market sale).
- Related grant: Original grant was 7,376 RSUs (granted Jan 10, 2025) that vested 50% on Jan 2, 2026 and the remaining 50% on July 1, 2026 (footnote).
- ADS/ratio note: Effective Apr 11, 2025, an ADS ratio change (1 ADS = 20 ordinary shares) was applied; the reported amounts reflect that adjustment.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed on July 15 for a July 1 transaction; Form 4s are typically due within 2 business days, so this filing appears late, reducing timely public transparency.
Context
This was vesting/conversion of RSUs with shares withheld to meet tax obligations (a routine administrative action), not an open-market sale or purchase. Because the company withheld shares to cover taxes (code F), the withheld shares should not be interpreted as a deliberate insider sale signaling sentiment.
Insider Transaction Report
- Exercise/Conversion
American Depositary Shares
[F1][F2][F3]2026-07-01+3,688→ 15,396 total - Tax Payment
American Depositary Shares
[F1][F4]2026-07-01$15.94/sh−1,926$30,700→ 13,470 total - Award
Restricted Stock Unit
[F5][F1][F2][F3]2026-07-01+3,688→ 0 totalExercise: $0.00→ American Depositary Shares (3,688 underlying)
Footnotes (5)
- [F1]Effective April 11, 2025, the Issuer implemented a ratio change that one (1) American Depositary Share ("ADS") currently represents twenty (20) Ordinary Shares ("ADS Ratio Change"). Proportionate adjustments were made to the Issuer's outstanding equity awards. The amount of securities reported on this Form 4 reflect the ADS Ratio Change.
- [F2]On January 10, 2025, the Reporting Person was granted 7,376 Restricted Stock Units ("RSUs") under the Amarin Corporation plc 2020 Stock Incentive Plan (the "Plan"). The shares subject to this grant shall vest over eighteen months, with 50% to vest on January 2, 2026 and the remaining balance to vest on July 1, 2026.
- [F3]Not applicable.
- [F4]Represents withholding by the Issuer of shares in respect of tax liability incident to the vesting of a security issued in accordance with Rule 16b-3, and not a market sale of securities.
- [F5]Each RSU represents a contingent right to receive twenty Ordinary Shares or cash in lieu thereof at the Issuer's discretion.