On Holding AG (ONON) CFO receives 20,221 restricted stock units as equity award

Rhea-AI Filing Summary

Sluis Frank reported acquisition or exercise transactions in this Form 4 filing.

On Holding AG CFO Frank Sluis received a grant of 20,221 restricted stock units as equity compensation. Each unit represents a right to receive one Class A share of On Holding AG at a later date.

The award was granted on 06/22/2026 and vests quarterly in 12 equal installments, ending on 06/05/2029. This filing does not show any open-market buying or selling, only the grant of these time-vested RSUs to the CFO.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sluis Frank

Role CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	20,221	$0.00	--

Holdings After Transaction: Restricted Stock Units — 20,221 shares (Direct, null)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's class A shares. Granted 06/22/2026; vests quarterly in 1/12 installments ending 06/05/2029.

Key Figures

RSU grant size: 20,221 units Underlying shares: 20,221 Class A shares Vesting structure: 1/12 quarterly installments +3 more

6 metrics

RSU grant size 20,221 units Restricted stock units granted to CFO on 06/22/2026

Underlying shares 20,221 Class A shares Each RSU represents one Class A share

Vesting structure 1/12 quarterly installments RSUs vest in 12 quarterly tranches

Vesting end date 06/05/2029 Final vesting installment date for RSU award

Exercise price $0.00 per unit Restricted stock units granted at no exercise cost

Holdings after grant 20,221 RSUs Total restricted stock units following this transaction

Key Terms

Restricted Stock Units, Class A shares, vests quarterly, installments

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A shares financial

"receive one share of the Issuer's class A shares"

Class A shares are one of a company’s distinct types of stock that come with a specific set of rights—commonly different voting power, dividend treatment, or transfer rules—defined in the company’s charter. Investors care because those rights affect control, income and resale value; like holding a seat at a table that has different rules or stronger chips than other seats, owning Class A changes how much influence and return you can expect.

vests quarterly financial

"Granted 06/22/2026; vests quarterly in 1/12 installments"

installments financial

"vests quarterly in 1/12 installments ending 06/05/2029"

Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/24/2026 - 05:57 PM Accepted by SEC EDGAR 06/24/2026 - 05:56 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sluis Frank

(Last) (First) (Middle)

C/O ON HOLDING AG

FORRLIBUCKSTRASSE 190

(Street)

ZURICH 8005

(City) (State) (Zip)

SWITZERLAND

(Country)

2. Issuer Name and Ticker or Trading Symbol
On Holding AG [ ONON ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	$0	06/22/2026		A		20,221		(2)	(2)	Class A Shares	20,221	$0	20,221	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's class A shares.

2. Granted 06/22/2026; vests quarterly in 1/12 installments ending 06/05/2029.

	/s/ Zlatina Iliev, Attorney-in-Fact	06/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did On Holding AG (ONON) report for CFO Frank Sluis?

On Holding AG reported that CFO Frank Sluis received 20,221 restricted stock units as an equity award. These RSUs were granted on 06/22/2026 and each unit corresponds to one Class A share of the company when it vests over time.

How many restricted stock units did the On Holding AG CFO receive in this Form 4?

The CFO received 20,221 restricted stock units in this reported transaction. These units are a form of stock-based compensation and convert into an equal number of Class A shares as they vest according to the specified quarterly schedule through 2029.

What is the vesting schedule for the 20,221 RSUs granted to On Holding AG’s CFO?

The 20,221 RSUs granted to the CFO vest quarterly in 1/12 installments. Vesting begins from the 06/22/2026 grant date and continues until 06/05/2029, gradually delivering Class A shares over that period as long as vesting conditions are met.

Does this On Holding AG Form 4 show any stock being bought or sold on the market?

This Form 4 does not report any open-market purchases or sales of On Holding AG shares. It only records a grant of restricted stock units to the CFO, which is a standard form of non-cash equity compensation awarded by the company.

What does each restricted stock unit represent for On Holding AG (ONON)?

Each restricted stock unit represents a contingent right to receive one Class A share of On Holding AG. The units themselves are not shares until they vest, at which point the company delivers the corresponding Class A shares to the award recipient.