Jazz Pharmaceuticals (JAZZ) SVP reports RSU grant and tax-driven share sale
Rhea-AI Filing Summary
Jazz Pharmaceuticals senior vice president of Technical Operations Mary Elizabeth Henderson reported both an equity award and a share sale. She received 4,447 ordinary shares as a restricted stock unit grant at a price of $0.00 per share under the company’s 2011 Equity Incentive Plan. These units vest in four equal annual installments starting on March 5, 2026, with one-quarter vesting each year over four years. On the same date, she sold 5,343 ordinary shares in open-market transactions at a weighted average price of $194.4852 per share, in multiple trades between $194.1900 and $194.5000. According to the filing, these shares were sold to satisfy tax obligations arising from the vesting of previously granted restricted stock units, and she held 28,728 ordinary shares directly following the sale.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 4,447 | $0.00 | -- |
| Sale | Ordinary Shares | 5,343 | $194.4852 | $1.04M |
Footnotes (1)
- These restricted stock units are granted pursuant to the Issuer's 2011 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one ordinary share upon the vesting of the unit. These units vest in equal annual installments over four years measured from the vesting commencement date of March 5, 2026, with 1/4th vesting on the first anniversary of the vesting commencement date and the remainder vesting in equal annual installments over the subsequent three years. Shares sold to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. Reflects sales of ordinary shares executed in multiple transactions at prices ranging from $194.1900 to $194.5000. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.