Insider Sale of 1,959 JAZZ Shares at $111.25; 3,507 RSUs Granted
Rhea-AI Filing Summary
Patrick Kennedy, a director of Jazz Pharmaceuticals (JAZZ), received a grant of 3,507 restricted stock units under the issuer's 2007 Amended and Restated Non-Employee Directors Stock Award Plan. Each restricted stock unit represents a contingent right to one ordinary share upon vesting; the units will vest in full on July 24, 2026 subject to the reporting person's continuous service and additional conditions.
Following the grant activity, the reporting person sold 1,959 shares at $111.2506 per share to satisfy tax obligations arising from the vesting of previously granted restricted stock units, which reduced beneficial ownership from 8,661 shares to 6,702 shares.
Positive
- Grant of 3,507 restricted stock units under the Issuer's 2007 Non-Employee Directors Stock Award Plan
- RSUs vest in full on July 24, 2026, providing a future economic interest contingent on service and conditions
Negative
- Sale of 1,959 shares at $111.2506 to satisfy tax obligations tied to prior RSU vesting
- Reported beneficial ownership decreased from 8,661 shares to 6,702 shares following the sale
Insights
TL;DR: Routine director equity grant and tax-related sale; modest change in reported beneficial holdings, no debt or performance metrics disclosed.
The Form 4 shows a grant of 3,507 restricted stock units that convert to ordinary shares upon vesting and a subsequent sale of 1,959 shares at $111.2506 to cover tax obligations. This filing documents equity compensation mechanics for a non-employee director and a tax-withholding sale tied to vesting. The change in reported beneficial ownership from 8,661 to 6,702 shares is explicit in the filing; there are no additional financial results or corporate actions disclosed here.
TL;DR: Standard director award under the company plan and a compensatory tax-related disposition; disclosure aligns with Section 16 requirements.
The submission documents a board director receiving equity under the company's 2007 non-employee directors plan with vesting conditions dated July 24, 2026. The sale of 1,959 shares is explicitly described as being executed to satisfy tax obligations arising from vesting. Both the grant and the tax-sale are typical governance/compensation events and are reported on separate lines as required; no unusual governance actions or exceptions are indicated in the form.