JAZZ Form 4: RSU Grant Vests July 24, 2026; 1,805-Share Tax Sale
Rhea-AI Filing Summary
Patrick Enright, identified as a director of Jazz Pharmaceuticals (JAZZ), was granted 3,507 restricted stock units (RSUs) on 08/07/2025. Each RSU represents a contingent right to receive one ordinary share and, subject to continued service and other conditions, the units will vest in full on July 24, 2026. The filing also reports a sale of 1,805 ordinary shares on 08/08/2025 at $111.2491 to satisfy tax obligations arising from the vesting of previously granted RSUs. The reported direct beneficial ownership rose to 28,184 shares following the RSU grant and declined to 26,379 shares after the tax-related sale.
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Insights
TL;DR: Routine director equity award and a tax-related disposition; governance alignment preserved, no new governance concerns disclosed.
The Form 4 shows a standard grant of restricted stock units to a non-employee director and a contemporaneous sale of shares to satisfy tax withholding. The RSUs vest on July 24, 2026, subject to continued service, which is a common retention and alignment mechanism for board members. The sale is described explicitly as a tax-related disposition of previously vested units. The filing does not disclose any change in board composition, new agreements, or governance exceptions.
TL;DR: Non-material insider grant and a tax-related sell-to-cover; reported holdings changed by a few thousand shares.
The reported transactions consist of a grant of 3,507 RSUs and a sale of 1,805 shares at $111.2491 for tax obligations. Reported direct beneficial ownership moved from 28,184 shares post-grant to 26,379 shares after the sale. The Form 4 does not report option exercises, pledges, or derivative positions. Based solely on the disclosed quantities and descriptions, these transactions are routine insider compensation and withholding actions documented under Section 16 reporting.