Nichols Christian Todd 4

What Happened

Christian Todd Nichols, Senior Vice President and Chief Commercial Officer of Alkermes plc (ALKS), converted restricted stock units (derivative securities) into 12,400 ordinary shares (6,355 on 2026-02-18 and 6,045 on 2026-02-19). To satisfy tax withholding obligations, 1,869 shares were withheld on 2/18 at $32.02 (value $59,845) and 2,277 shares were withheld on 2/19 at $32.00 (value $72,864), for a total of 4,146 shares withheld and about $132,709 in tax withholding value. These transactions reflect RSU vesting/conversion and withholding rather than open-market sales.

Key Details

• Transaction dates: 2026-02-18 (6,355 RSUs converted; 1,869 shares withheld at $32.02) and 2026-02-19 (6,045 RSUs converted; 2,277 shares withheld at $32.00).
• Shares acquired via conversion: 12,400 total (6,355 + 6,045). Shares withheld for taxes (disposed): 4,146 total (1,869 + 2,277).
• Withheld-share value reported: $59,845 (2/18) + $72,864 (2/19) = $132,709.
• Shares owned following the transactions: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Each restricted stock unit (RSU) represents a contingent right to one ordinary share.
  • F2: One award is noted as fully vested in accordance with its terms.
  • F3: Another award’s shares vest in four equal annual installments commencing 2/19/2026.
• Filing: Form 4 filed 2026-02-20 reporting transactions on 2/18–2/19; filing appears timely (Section 16 insiders must file within two business days).

Context

• Code M indicates conversion/exercise of a derivative (here, RSUs). Code F indicates shares were used to satisfy tax withholding obligations (share-withholding), not an open-market sale.
• Because shares were withheld to cover taxes rather than sold on the open market, these transactions are typically routine administrative actions tied to vesting and do not by themselves signal a change in insider sentiment.
• The filing includes multiple footnotes suggesting different award statuses (one fully vested award and at least one award subject to multi-year vesting).