Jazz Pharmaceuticals director RSU grant and tax-withholding sale reduces holdings to 14,393
Rhea-AI Filing Summary
Rick E Winningham, a director of Jazz Pharmaceuticals (JAZZ), reported a grant of 3,507 restricted stock units on 08/07/2025. Each restricted stock unit represents a contingent right to receive one ordinary share and, subject to continued service and conditions, the units are scheduled to vest in full on July 24, 2026. The grant is under the issuer's 2007 Amended and Restated Non-Employee Directors Stock Award Plan and is reported with an acquisition price of $0.00.
The filing also discloses a sale on 08/08/2025 of 1,805 shares at $111.2524 described as shares sold to satisfy tax obligations arising from prior RSU vesting. Reported beneficial ownership moved from 16,198 shares after the grant to 14,393 shares after the sale.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director received RSUs vesting July 24, 2026; a subsequent sale of shares satisfied tax obligations, changing beneficial ownership modestly.
The filing shows a standard non-employee director award: 3,507 restricted stock units awarded under the company's 2007 plan, with vesting contingent on continued service and additional conditions. The follow-on disposition of 1,805 shares at $111.2524 is explicitly described as a sale to satisfy tax obligations. From a governance standpoint, these entries document compensation mechanics and tax withholding activity rather than a discretionary open-market trade by the director.
TL;DR: Grant of 3,507 RSUs and sale of 1,805 shares left the director with 14,393 shares; transaction sizes are small relative to typical public float.
Key numeric details in the report include the RSU grant of 3,507 units (acquisition price shown as $0.00), the vesting date of July 24, 2026, and the sale of 1,805 shares at $111.2524 for tax withholding purposes. Beneficial ownership is reported as 16,198 after the grant and 14,393 after the sale. These are disclosure and compensation-related events; the filing does not present material operational or financial changes for the issuer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 1,805 | $111.2524 | $201K |
| Grant/Award | Ordinary Shares | 3,507 | $0.00 | -- |
Footnotes (1)
- These restricted stock units are granted pursuant to the Issuer's 2007 Amended and Restated Non-Employee Directors Stock Award Plan. Each restricted stock unit represents a contingent right to receive one ordinary share upon the vesting of the unit. Subject to the Reporting Person's continuous service and certain additional conditions, these units will vest in full on July 24, 2026. Shares sold to satisfy tax obligations arising out of the vesting of previously granted restricted stock units.