JAZZ Form 4: Norbert Riedel Granted RSUs and Sold Shares for Taxes
Rhea-AI Filing Summary
Norbert G. Riedel, a director of Jazz Pharmaceuticals (JAZZ), reported changes in his beneficial ownership on Form 4. On 08/07/2025 he was granted 3,507 restricted stock units under the issuer's 2007 Amended and Restated Non-Employee Directors Stock Award Plan; each unit represents a contingent right to one ordinary share and the units vest in full on July 24, 2026. On 08/08/2025 he sold 1,805 ordinary shares at $111.2498 per share to satisfy tax obligations arising from prior RSU vesting, with 7,024 shares reported as beneficially owned directly after the sale. The filing also discloses 10,630 shares beneficially owned indirectly by the Norbert G. Riedel 2023 Trust. The Form 4 was signed by attorney Adam Guttmann on 08/11/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine director compensation grant and a tax-related sale; limited market impact.
The Form 4 shows a standard grant of restricted stock units (3,507 RSUs) to Director Norbert G. Riedel on 08/07/2025 and a subsequent disposition of 1,805 shares on 08/08/2025 flagged as a sale to satisfy tax obligations at a price of $111.2498 per share. The RSUs vest on July 24, 2026, and are convertible to one ordinary share each. Post-transaction direct beneficial ownership is reported as 7,024 shares and an additional 10,630 shares are held indirectly by a family trust. These disclosures are routine compensation and tax-settlement transactions with no new operational or financial information for the company.
TL;DR: Disclosure reflects director alignment through equity compensation and standard tax-related share disposition.
The filing documents the mechanics of director compensation and ownership structure: RSUs granted under the company plan that vest in 2026 and a contemporaneous sale of shares to cover tax liabilities from prior RSU vesting. The report also clarifies indirect ownership via the Norbert G. Riedel 2023 Trust (10,630 shares). From a governance perspective, the filing provides transparency on the director's equity incentives and related-party ownership without indicating any unusual governance action or change in control.