Organon controller Holzbaur converts stock awards
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Form Type
4
Rhea-AI Filing Summary
Lynette Holzbaur, Organon & Co.'s SVP and Corporate Controller, converted 3,038 restricted stock units into 3,038 common shares on November 5, 2026, and 2,418 units into 2,418 common shares on November 7, 2026. On November 5, 866 shares at a reported $13.83 per share, and on November 7, 689 shares at a reported $13.87 per share, were delivered or withheld for payment of exercise price or tax liability. No Rule 10b5-1 plan is reported.
Insider Trade Summary
5,456 shares exercised/converted
Exercise
6 txns
Insider
Holzbaur Lynette
Role
SVP and Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 2,418 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,418 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 689 | $13.87 | $10K |
| Exercise | Restricted Stock Units F1, F2 | 3,038 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,038 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 866 | $13.83 | $12K |
Holdings After Transaction:
Restricted Stock Units — 3,038 units (Direct);
Common Stock — 3,901 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 8,494 to 3,038 units (Direct);
Common Stock, 0 to 3,901 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Organon & Co. common stock.
- F2. 9,113 RSUs were granted on November 5, 2024, and one-third vest each year with the final vesting date being November 5, 2027.
- F3. 7,252 RSUs were granted November 7, 2023, and one-third vest each year with the final vesting date being November 7, 2026.
Key Figures
Common shares acquired on RSU conversion: 3,038 shares
Shares delivered or withheld for payment of exercise price or tax liability: 866 shares
Reported per-share price: $13.83 per share
+3 more
6 metrics
Common shares acquired on RSU conversion
3,038 shares
November 5, 2026
Shares delivered or withheld for payment of exercise price or tax liability
866 shares
November 5, 2026
Reported per-share price
$13.83 per share
866 shares delivered or withheld on November 5, 2026
Common shares acquired on RSU conversion
2,418 shares
November 7, 2026
Shares delivered or withheld for payment of exercise price or tax liability
689 shares
November 7, 2026
Reported per-share price
$13.87 per share
689 shares delivered or withheld on November 7, 2026
Key Terms
restricted stock unit, contingent right, vest, derivative security
4 terms
restricted stock unit technical
"Each restricted stock unit ("RSU") represents a contingent right"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right technical
"represents a contingent right to receive one share"
vest technical
"one-third vest each year"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
derivative security technical
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the vesting terms for Lynette Holzbaur's OGN RSUs?
The 9,113 RSUs granted on November 5, 2024 vest one-third each year, with final vesting on November 5, 2027. The 7,252 RSUs granted on November 7, 2023 vest one-third each year, with final vesting on November 7, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
