Organon (OGN) CFO granted shares, withholds stock to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
WALSH MATTHEW M
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,599 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,887 | $7.17 | $107K |
| Grant/Award | Common Stock | 12,020 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,117 | $7.23 | $30K |
Holdings After Transaction:
Common Stock — 187,083 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 652 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) disclose for CFO Matthew Walsh?
Organon disclosed that CFO Matthew Walsh received common stock from vested performance share units and related dividend equivalents, and used part of those shares to cover tax obligations through tax-withholding dispositions at prices of $7.17 and $7.23 per share.
Were any of the Organon (OGN) CFO’s transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows stock awards from vesting performance share units and dividend equivalents, plus tax-withholding dispositions where shares were delivered back at $7.17 and $7.23 per share to satisfy tax liabilities.
What is the purpose of the tax-withholding dispositions in the Organon (OGN) Form 4?
The tax-withholding dispositions represent shares withheld to pay taxes arising from the vesting of performance share units and dividend equivalents. Instead of paying cash, a portion of the newly vested shares was used to satisfy these tax obligations at stated per-share prices.
Did the Organon (OGN) CFO’s holdings change due to dividend equivalents?
Yes. The filing notes shares released for dividend equivalents earned on vested performance share units and mentions an additional 652 shares acquired from dividend equivalents net of withholding tax, which were included in the updated direct ownership total reported after these transactions.