Organon (OGN) CIO logs stock awards and tax withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Organon & Co.'s Chief Information Officer Rachel A. Stahler reported equity award activity in the company's common stock. She acquired 23,178 shares and 6,540 shares at no cost, reflecting performance share units granted on August 11, 2023 whose performance-vesting conditions were certified by a board committee, plus related dividend equivalents. To cover tax withholding on these releases, 8,475 shares at $7.17 and 2,240 shares at $7.23 were disposed of through share withholding rather than open-market sales. Following these transactions, she directly owns 98,310.292 shares, including 2,076.678 shares from prior dividend equivalents net of withholding tax.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Stahler Rachel A
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,178 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,475 | $7.17 | $61K |
| Grant/Award | Common Stock | 6,540 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,240 | $7.23 | $16K |
Holdings After Transaction:
Common Stock — 100,408.614 shares (Direct)
Footnotes (1)
- Represents shares of Organon & Co. common stock ("Common Stock") for performance share units ("PSUs") granted to the reporting person on August 11, 2023 under the Organon & Co. 2021 Incentive Stock Plan. The performance-vesting restrictions with respect to these shares were released upon certification of performance goal attainment by the Talent Committee of Organon's Board of Directors. Represents the shares of Common Stock released to cover the dividend equivalents earned on the PSUs released above. Includes the addition of 2,076.678 shares of Common Stock acquired from dividend equivalents net of withholding tax not previously required to be reported.
FAQ
What insider transactions did Organon (OGN) report for CIO Rachel Stahler?
Organon reported that CIO Rachel Stahler received common stock from vested performance share units and related dividend equivalents, and had a portion of shares withheld to satisfy tax obligations, resulting in updated direct ownership of 98,310.292 Organon common shares.