Organon (OGN) director Alan Ezekowitz awarded 17,857 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Organon & Co. director Alan Ezekowitz received a grant of 17,857.143 phantom stock units on Organon common stock. The units were valued at $13.44 per unit and bring his total phantom stock holdings to 81,141.131 units. Each unit is economically equivalent to one share of Organon common stock and is payable in cash after his service as a director ends under the Organon Non-Employee Director Savings Plan. Holdings also reflect phantom stock acquired through dividend reinvestment on several prior dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ezekowitz Alan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 17,857.143 | $13.44 | $240K |
Holdings After Transaction:
Phantom Stock — 81,141.131 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
Grant price per unit: $13.44 per unit
Total phantom units after grant: 81,141.131 units
+1 more
4 metrics
Phantom stock units granted
17,857.143 units
Grant on June 12, 2026
Grant price per unit
$13.44 per unit
Phantom stock valuation
Total phantom units after grant
81,141.131 units
Holdings following transaction
Unit-to-share ratio
1-for-1
Each unit equals one Organon share economically
Key Terms
Phantom Stock, Organon Non-Employee Director Savings Plan, dividend reinvestment transactions
3 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"
dividend reinvestment transactions financial
"Holdings include phantom stock acquired in dividend reinvestment transactions on September 11, 2025, December 11, 2025, March 12, 2026 and June 11, 2026"
FAQ
What did Organon (OGN) director Alan Ezekowitz receive in this transaction?
Alan Ezekowitz received 17,857.143 phantom stock units linked to Organon common stock. These units represent a grant as part of director compensation and increase his total phantom stock holdings to 81,141.131 units, all tied to the company’s share value.
What is the value of the phantom stock units granted to Organon (OGN) director Alan Ezekowitz?
The phantom stock units were granted at $13.44 per unit, totaling about $240,000 in notional value. This amount is not paid immediately in cash but reflects the economic value tied to Organon’s common stock price over time.
How do Organon (OGN) phantom stock units work for director compensation?
Each Organon phantom stock unit is economically equivalent to one share of common stock. For Alan Ezekowitz, these units are payable in cash after his service as a director ends, under the Organon Non-Employee Director Savings Plan’s terms.
When will Alan Ezekowitz receive cash for his Organon (OGN) phantom stock units?
The phantom stock units are payable in cash upon settlement after Alan Ezekowitz’s termination of service as a director. Payment timing follows the Organon Non-Employee Director Savings Plan, which governs how and when these deferred compensation awards are settled.
How many phantom stock units in total does Alan Ezekowitz hold at Organon (OGN)?
After this grant, Alan Ezekowitz holds 81,141.131 phantom stock units linked to Organon common stock. This total includes the new award and units previously accumulated, including amounts acquired through dividend reinvestment transactions on earlier specified dates.
What role did dividend reinvestment play in Alan Ezekowitz’s Organon (OGN) phantom stock holdings?
His phantom stock holdings include units acquired through dividend reinvestment on several dates in 2025 and 2026. Instead of taking cash dividends, the value was reinvested as additional phantom stock units, increasing his deferred, stock-linked compensation balance.