Amneal (NYSE: AMRX) Co-CEO receives major performance-based RSU award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Patel Chintu reported acquisition or exercise transactions in this Form 4 filing.
Amneal Pharmaceuticals reported that Co-CEO Chintu Patel received a grant of 544,663 performance-based restricted stock units, each tied to one share of Class A common stock. The award vests based on the stock achieving specified average closing price targets over a three-year performance period.
The number of shares ultimately earned can range from 0% to 200% of the target amount, depending on performance. Any earned units are scheduled to vest in full on February 28, 2029. This is a compensation grant at no cash cost per unit, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patel Chintu
Role
Co-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units | 544,663 | $0.00 | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 544,663 shares (Direct)
Footnotes (1)
- Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents a performance-based restricted stock unit grant of 544,663 target shares. The performance-based restricted stock units are scheduled to vest based on the Issuer's Class A Common Stock achieving certain average closing price per share targets at the end of the three-year performance period. The number of shares that would be received upon vesting, if any, may vary from 0% to 200% of the target number. The number of performance-based restricted stock units reported in the table above represents the maximum number of shares issuable under the award. Any earned performance-based restricted stock units vest in full on February 28, 2029, the last day of the performance period.
FAQ
What insider transaction did Amneal (AMRX) disclose for Co-CEO Chintu Patel?
Amneal disclosed that Co-CEO Chintu Patel received a grant of 544,663 performance-based restricted stock units. Each unit represents a contingent right to one share of Class A common stock, with vesting based on future stock price performance over a defined three-year period.
How many performance-based RSUs did Amneal (AMRX) grant to Co-CEO Chintu Patel?
The company granted Chintu Patel 544,663 performance-based restricted stock units. These units are a form of equity compensation rather than a cash transaction, and the actual shares earned will depend on Amneal’s Class A common stock price performance over the three-year performance period.
When do Chintu Patel’s Amneal (AMRX) performance-based RSUs vest?
Any performance-based restricted stock units earned by Chintu Patel are scheduled to vest in full on February 28, 2029. That date marks the end of the three-year performance period used to measure Amneal’s average closing stock price against preset targets for the award.
What performance conditions apply to Amneal (AMRX) Co-CEO Chintu Patel’s RSU award?
The RSUs vest based on Amneal’s Class A common stock achieving specified average closing price targets at the end of the three-year performance period. Depending on results, the shares actually earned can range from 0% to 200% of the 544,663 target performance-based restricted stock units granted.
Is Chintu Patel’s Amneal (AMRX) RSU grant an open-market stock purchase or sale?
No, this transaction is a grant of performance-based restricted stock units as compensation, not an open-market purchase or sale. The units were awarded at a stated price of $0.00 per unit and convert into shares only if performance and vesting conditions are satisfied.
How does the RSU grant affect Chintu Patel’s Amneal (AMRX) derivative holdings?
After the grant, Chintu Patel holds 544,663 performance-based restricted stock units related to Amneal Class A common stock. These units represent a potential future equity position, contingent on meeting stock price performance targets and vesting conditions through the end of the February 28, 2029 performance period.