Jazz Pharmaceuticals (JAZZ) CEO shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jazz Pharmaceuticals plc reported a routine insider transaction by its President & CEO, Renee D. Gala. On June 30, 2026, 4,835 ordinary shares were withheld at $237.72 per share to cover tax obligations arising from the vesting of previously granted restricted stock units. This was a tax-withholding disposition, not an open-market sale. Following the transaction, Gala directly holds 147,361 ordinary shares of Jazz Pharmaceuticals.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GALA RENEE D
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 4,835 | $237.72 | $1.15M |
Holdings After Transaction:
Ordinary Shares — 147,361 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 4,835 shares
Withholding price: $237.72 per share
Post-transaction holdings: 147,361 shares
3 metrics
Tax-withheld shares
4,835 shares
Ordinary shares withheld for tax on RSU vesting on June 30, 2026
Withholding price
$237.72 per share
Value used for tax-withholding disposition of 4,835 shares
Post-transaction holdings
147,361 shares
Ordinary shares held directly by Renee D. Gala after transaction
Key Terms
tax-withholding disposition, restricted stock units, Ordinary Shares, Form 4
4 terms
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.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Jazz Pharmaceuticals (JAZZ) disclose for its CEO?
Jazz Pharmaceuticals disclosed that President & CEO Renee D. Gala had 4,835 ordinary shares withheld to cover taxes on vested restricted stock units, a routine compensation-related disposition rather than an open-market trade, leaving her with 147,361 shares held directly.
Was the Jazz Pharmaceuticals (JAZZ) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Jazz Pharmaceuticals to cover Renee D. Gala’s tax obligations from RSU vesting, rather than sold into the market for discretionary portfolio reasons.
What does transaction code F mean in the Jazz Pharmaceuticals (JAZZ) CEO’s Form 4?
Transaction code F in this Form 4 indicates a tax-withholding disposition, where shares are delivered or withheld to pay exercise or tax liabilities. Here, 4,835 shares were withheld to satisfy taxes from vesting restricted stock units granted previously.