Amarin Corp Plc (AMRN)

[HDGabor]

z-

There is a disconnect between shareholders and management on options....Options for management should be awarded only on the basis of increasing share prices...NOT decreasing share prices

There is a disconnect between Form-4s' content and posters' opinion ...

The management's compensation has three part (examples are re. JT (before taxes):

(i) base salary: at levels near the 50th percentile of salaries of executives with similar roles at the peer group and the adjustments are considered annually ($700,000, effective February 1, 2019 - in fiscal year 2019: $697,067 - and is below the 25th percentile for Chief Executive Officers within peer group)

(ii) annual and short-term incentive (cash) bonuses (Target: 75% of base compensation - slightly below the 50th percentile for other Chief Executive Officers in peer group - in case of 100% achievement of corporate goal. The achievement of base corporate goals was 121% in 2019 resulted in $635,250 bonus)

(iii) equity awards (RSUs and Options ... are subject to both time-based and performance-based vesting criteria)

In 2019 it was 8% (i), 9% (ii) and 85% (iii) ... (Total cash - (i) + (ii) - was $1,332,317 or $111,026 / month)

Equity awards

They got award (a) annually (once a year ... RSUs and Options) and (b) occasionally.
The (a) is time-based (usually) and the RSUs vest in three equal installments on a yearly basis meanwhile the Options vest and become exercisable in 16 equal quarterly (or 48 monthly) installments.
The (b) is performance-based or performance- and time-based.

In 2020 (YTD):

Awards:

- RSU: 178,100 (will west in 2021, 2022 and 2023, 59,367 / year)
- Option: 350,700 (will vest and become exercisable in 16 equal quarterly installments starting on April 30, 2020) with $18.39 exercise price. The value of this is $00.00 currently.

Vested (625,228 RSUs / 375,005 after withholding by the Issuer of shares in respect of tax liability these are not awards, were granted in previous years, is not in 2020)

(1) 315,367 RSUs. (187,080 after withholding by the Issuer of shares in respect of tax liability)
The annual vest of the 2017, 2018 and 2019 annual, one-time RSU award / grant (1/3 of the total award).

(2) 309,861 RSU (187,925 after withholding by the Issuer of shares in respect of tax liability)
970,000 RSUs was granted on May 15, 2017 (25%, 25% and 50% tranches. Each tranche vests ratably over 36 months beginning Sept. 30, 2018 subject to achievement of certain prespecified performance criteria and continued employment).
The performance criteria - is or including audited net total revenue for 2019 - related to both 25% tranches was deemed to be achieved, resulting in the vesting of 114,515 RSUs per tranche (970,000 * 25% / 36 * 17 per tranche). The remaining RSUs in these two tranches will continue to vest over 19 monthly installments. (6,736 and 6,736 each of them … it is the recent Form-4. We see it since February and will see till August, 2021 … but (it is not a 2020 / recent award ) The performance criteria related to the 50% tranche has not yet been achieved

Best,
G