Organon (OGN) director granted cash-settled phantom stock tied to shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ozuah Philip reported acquisition or exercise transactions in this Form 4 filing.
Organon & Co. director Philip Ozuah received a grant of 17,857.143 phantom stock units tied to Organon common stock. The award was recorded at a reference price of $13.44 per unit and increases his directly held phantom stock position to 81,141.133 units.
Each phantom stock unit is economically equivalent on a 1‑for‑1 basis to one share of Organon common stock but is payable in cash, not stock. The units were granted under the Organon Non-Employee Director Savings Plan and will be settled in cash after his service as a director ends, in line with the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ozuah Philip
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 17,857.143 | $13.44 | $240K |
Holdings After Transaction:
Phantom Stock — 81,141.133 shares (Direct, null)
Footnotes (1)
- Each phantom stock unit is an economic equivalent of one share of Organon & Co. ("Organon") common stock, or 1-for-1. Phantom stock units are granted under the Organon Non-Employee Director Savings Plan (the "Plan") and are payable in cash upon settlement after the reporting person's termination of service as a director pursuant to the terms of the Plan. Holdings include phantom stock acquired in dividend reinvestment transactions on September 11, 2025, December 11, 2025, March 12, 2026 and June 11, 2026.
Key Figures
Phantom stock units granted: 17,857.143 units
Reference price per phantom unit: $13.44 per unit
Total phantom units after grant: 81,141.133 units
+2 more
5 metrics
Phantom stock units granted
17,857.143 units
Grant on 2026-06-12 to director Philip Ozuah
Reference price per phantom unit
$13.44 per unit
Value used for the 2026-06-12 grant
Total phantom units after grant
81,141.133 units
Holdings following the reported transaction
Economic equivalence ratio
1-for-1
Each phantom unit equals one share of common stock economically
Conversion/exercise price
$0.00
Phantom stock units under director savings plan
Key Terms
Phantom Stock, Organon Non-Employee Director Savings Plan, payable in cash upon settlement, dividend reinvestment transactions, +1 more
5 terms
Phantom Stock financial
"Each phantom stock unit is an economic equivalent of one share of Organon & Co. common stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Organon Non-Employee Director Savings Plan financial
"Phantom stock units are granted under the Organon Non-Employee Director Savings Plan"
payable in cash upon settlement financial
"are payable in cash upon settlement after the reporting person's termination of service as a director"
dividend reinvestment transactions financial
"Holdings include phantom stock acquired in dividend reinvestment transactions"
phantom stock units financial
"Phantom stock units are granted under the Organon Non-Employee Director Savings Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
FAQ
What did Organon (OGN) director Philip Ozuah report in this Form 4 filing?
Philip Ozuah reported receiving 17,857.143 phantom stock units linked to Organon common stock. These units are part of his director compensation and increase his total phantom stock holdings to 81,141.133 units, as disclosed in the Form 4.
What are phantom stock units in Organon (OGN)’s director compensation?
Organon’s phantom stock units are cash-settled awards economically equivalent to one share of common stock. They track the value of Organon shares but are paid in cash upon settlement under the Non-Employee Director Savings Plan’s terms.
At what price was Philip Ozuah’s Organon phantom stock grant recorded?
The 17,857.143 phantom stock units granted to Philip Ozuah were recorded at $13.44 per unit. This price is a reference value in the Form 4 and helps quantify the size of the compensation award reported.
When will Philip Ozuah’s Organon phantom stock units be paid out?
The phantom stock units are payable in cash after Philip Ozuah’s termination of service as a director. Payment timing follows the Organon Non-Employee Director Savings Plan, which governs settlement once his board service ends.
How many Organon phantom stock units does Philip Ozuah hold after this transaction?
Following the reported grant, Philip Ozuah holds 81,141.133 phantom stock units. This total includes the new award and prior accumulations, such as units acquired through dividend reinvestment transactions noted in the Form 4 footnotes.