Gaffin David Joseph 4

What Happened

• David Joseph Gaffin, EVP and CLO of Alkermes plc (ALKS), exercised/conversion of derivatives for 6,866 shares on 2026-02-26. To satisfy tax withholding related to the transaction, 3,049 shares were withheld/disposed at $30.73 each, generating $93,696. Net shares received by Gaffin were 3,817 (6,866 exercised minus 3,049 withheld). The filing was submitted on 2026-02-27.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-02-27 (appears timely).
• Exercise/Conversion (code M): 6,866 shares acquired (exercise/conversion; per-share exercise price listed as N/A in the filing).
• Tax withholding (code F): 3,049 shares disposed at $30.73/share = $93,696 to cover tax liability.
• Net shares delivered to insider: 3,817 shares.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 — each restricted stock unit (RSU) represents a contingent right to one ordinary share. F2 — RSU award vests in four equal annual installments beginning 2/26/2025.
• Codes explained: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld).

Context

• This appears to be a routine cashless/net-settlement style exercise where some shares are withheld to cover taxes rather than a market sale for cash. Such withholding transactions are common and typically reflect tax obligations rather than a directional bet on the stock. The RSU footnotes describe vesting terms for related awards; the filing does not indicate unusual insider timing or a late report.