BeOne Medicines (ONC) officer reports RSU grant and ADS tax-withholding sale
Rhea-AI Filing Summary
BeOne Medicines Ltd. principal accounting officer Titus B. Ball reported a mix of compensation-related share activity and tax-driven sales. On June 11, 2026, he had 169 American Depositary Shares sold in open-market transactions, with prices around $256–$258 per ADS. A footnote explains these sales were executed under a mandatory tax withholding provision tied to the vesting of an earlier restricted share unit award, rather than discretionary selling. The same day, he received a grant of 31,213 Ordinary Shares underlying restricted share units at no purchase price, bringing his direct holdings to 99,645 Ordinary Shares. These restricted share units vest in four equal annual installments starting on June 11, 2026, with potential accelerated vesting upon certain termination events. Each ADS represents 13 Ordinary Shares, connecting the ADS activity to the underlying ordinary share structure.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 31,213 | $0.00 | -- |
| Sale | American Depositary Shares | 49 | $256.387 | $13K |
| Sale | American Depositary Shares | 120 | $257.53 | $31K |
Footnotes (1)
- Represents securities underlying restricted share units. 1/4th of the securities will vest on each anniversary of June 11, 2026, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events. Each American Depositary Share represents 13 Ordinary Shares. The sale was effected pursuant to a mandatory tax withholding provision in the Reporting Person's restricted share unit award agreement in connection with the vesting of a restricted share unit award previously granted to the Reporting Person. 1/4th of the securities will vest on each anniversary of June 10, 2025, subject to continued service.