Jazz (JAZZ) CLO uses 3,275 vested shares to settle taxes
Rhea-AI Filing Summary
Jazz Pharmaceuticals’ EVP & Chief Legal Officer Neena M. Patil reported equity compensation activity in the company’s ordinary shares. On January 16, 2026, she received 8,852 ordinary shares at $0.0 per share upon vesting of performance share awards that were originally granted on March 3, 2023, after performance goals were certified as achieved.
On the same date, 3,275 ordinary shares were disposed of at $171.16 per share, with the filing explaining these shares were withheld from the vesting and distribution of the performance awards to satisfy her tax obligations. After these transactions, she directly beneficially owned 53,339 ordinary shares of Jazz Pharmaceuticals.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 8,852 | $0.00 | -- |
| Disposition | Ordinary Shares | 3,275 | $171.16 | $561K |
Footnotes (1)
- Represents ordinary shares of the Issuer delivered pursuant to the terms of performance share awards made to the reporting person on March 3, 2023. The performance-based vesting requirements applicable to such awards were satisfied on January 16, 2026, which represents the date on which the level of performance attained was certified. The Reporting Person acquired 116 ordinary shares on May 30, 2025 and 120 ordinary shares on November 28, 2025 under a Section 423 Employee Stock Purchase Plan. Shares withheld from the vesting and distribution of performance share awards to satisfy the reporting person's tax obligations.
FAQ
What insider transaction did Neena M. Patil report for JAZZ on January 16, 2026?
Neena M. Patil, EVP & Chief Legal Officer of Jazz Pharmaceuticals, reported the vesting and delivery of 8,852 ordinary shares on January 16, 2026 from performance share awards granted on March 3, 2023.
Does this JAZZ Form 4 mention any employee stock purchase plan activity?
Yes. A footnote notes that Neena M. Patil had previously acquired 116 ordinary shares on May 30, 2025 and 120 ordinary shares on November 28, 2025 under a Section 423 Employee Stock Purchase Plan.