Jazz Pharmaceuticals (JAZZ) EVP Iannone reports RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jazz Pharmaceuticals EVP and CMO Robert Iannone reported a routine tax-related share disposition. On vesting of previously granted restricted stock units, 3,764 Ordinary Shares were withheld to satisfy tax obligations at $237.72 per share. After this withholding, he directly holds 85,107 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Iannone Robert
Role
EVP, Global Head of R&D & CMO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 3,764 | $237.72 | $895K |
Holdings After Transaction:
Ordinary Shares — 85,107 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,764 shares
Tax valuation price: $237.72 per share
Shares held after transaction: 85,107 shares
3 metrics
Shares withheld for taxes
3,764 shares
Tax-withholding disposition on RSU vesting
Tax valuation price
$237.72 per share
Value used for withheld Ordinary Shares
Shares held after transaction
85,107 shares
Direct ownership following tax withholding
Key Terms
restricted stock units, tax obligations, tax-withholding disposition
3 terms
restricted stock units financial
"vesting of a portion of previously granted restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligations financial
"Shares withheld to satisfy tax obligations arising out of vesting"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Jazz Pharmaceuticals (JAZZ) report for Robert Iannone?
Jazz Pharmaceuticals reported that EVP and CMO Robert Iannone had 3,764 Ordinary Shares withheld to cover tax obligations from vesting restricted stock units. This was a tax-withholding disposition, not an open-market purchase or sale of shares.
Was the Jazz Pharmaceuticals (JAZZ) Form 4 transaction an open-market sale or a tax event?
The Form 4 transaction was a tax event, not an open-market sale. Shares were withheld to satisfy tax obligations arising from vesting restricted stock units, classified as a tax-withholding disposition rather than a discretionary buy or sell in the market.