Jazz Pharmaceuticals (NASDAQ: JAZZ) EVP shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jazz Pharmaceuticals plc executive Neena M. Patil, EVP & Chief Legal Officer, reported a tax-related share disposition. On March 5, 2026, 5,000 Ordinary Shares of Jazz were withheld at $188.69 per share to satisfy tax obligations from the vesting of previously granted restricted stock units. This was recorded as a tax-withholding disposition rather than an open-market sale, and Patil’s directly held stake after the transaction was 53,818 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patil Neena M
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 5,000 | $188.69 | $943K |
Holdings After Transaction:
Ordinary Shares — 53,818 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Jazz Pharmaceuticals (JAZZ) report for Neena M. Patil?
Jazz Pharmaceuticals reported that EVP & Chief Legal Officer Neena M. Patil had 5,000 Ordinary Shares withheld to cover tax obligations from vesting restricted stock units. The transaction was a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation administration.
Was Neena Patil’s Jazz (JAZZ) transaction an open-market sale or a tax withholding?
Neena Patil’s transaction was a tax withholding, not an open-market sale. The filing states that 5,000 Ordinary Shares were withheld to satisfy tax obligations from vesting restricted stock units, consistent with transaction code F and the accompanying explanatory footnote.
What does transaction code F mean in the Jazz (JAZZ) Form 4 for Neena Patil?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In Neena Patil’s case, 5,000 Jazz Pharmaceuticals Ordinary Shares were withheld to cover tax obligations triggered by the vesting of her restricted stock units, as described in the footnote.