Organon interim CEO exercises 9,752 RSUs
Organon & Co. interim CEO Joseph T. Morrissey Jr. exercised 9,752 Restricted Stock Units (RSUs) into common stock on March 29, 2026.
Rhea-AI Filing Summary
Organon & Co. interim CEO Joseph T. Morrissey Jr. exercised 9,752 Restricted Stock Units (RSUs) into common stock on March 29, 2026. Each RSU converts into one share of Organon common stock, and the award vests in three equal installments on March 29, 2025, 2026, and 2027. To satisfy tax obligations related to this vesting, 2,779 common shares were withheld at a reference price of $5.84 per share. After these compensation-related transactions, Morrissey holds 105,543.923 common shares directly, indicating this filing reflects routine equity award vesting and associated tax withholding rather than an open-market stock sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,752 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,752 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,779 | $5.84 | $16K |
Footnotes (3)
- F1. This price is the closing market price of Organon & Co. ("Organon") common stock on Friday, March 27, 2026, as required by the plan under which the Restricted Stock Units ("RSU") were awarded.
- F2. Each RSU represents a contingent right to receive one share of Organon common stock.
- F3. These RSUs vest and are distributed as shares of Organon common stock in three equal installments on March 29, 2025, March 29, 2026, and March 29, 2027.
Key Figures
Key Terms
Restricted Stock Units financial
Each RSU financial
Exercise or conversion of derivative security financial
tax-withholding disposition financial
FAQ
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