Organon CFO receives stock awards, pays taxes
Organon & Co. Chief Financial Officer Matthew M. Walsh reported equity compensation activity in common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Organon & Co. Chief Financial Officer Matthew M. Walsh reported equity compensation activity in common stock. He acquired 42,599 shares and 12,020 shares at no cost upon performance share units and related dividend equivalents vesting. To satisfy tax obligations, he disposed of 14,887 shares at $7.17 and 4,117 shares at $7.23 through tax-withholding transactions, leaving a six-figure direct holding in Organon stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,599 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 14,887 | $7.17 | $107K |
| Grant/Award | Common Stock | 12,020 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,117 | $7.23 | $30K |
Footnotes (3)
- F1. 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.
- F2. Represents the shares of Common Stock released to cover the dividend equivalents earned on the PSUs released above.
- F3. Includes the addition of 652 shares of Common Stock acquired from dividend equivalents net of withholding tax not previously required to be reported.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Organon (OGN) disclose for CFO Matthew Walsh?
Were any of the Organon (OGN) CFO’s transactions open-market buys or sells?
What is the purpose of the tax-withholding dispositions in the Organon (OGN) Form 4?
Did the Organon (OGN) CFO’s holdings change due to dividend equivalents?
AI-generated analysis. How Rhea-AI works. Not financial advice.