Teva (NYSE: TEVA) interim CLO discloses stock options and RSU grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Teva Pharmaceutical Industries Ltd. filed an initial ownership report for interim Chief Legal Officer Brian Savage, detailing his existing equity awards and share holdings. The filing lists direct holdings of stock options, multiple tranches of restricted share units with specified vesting schedules through 2029, and ordinary shares that may be represented by American Depositary Shares. It does not record any new purchases or sales, but simply discloses current positions and how and when they vest into ordinary shares or cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Savage Brian
Role
Interim Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 2,253 shares (Direct);
Restricted Share Units — 18,967 shares (Direct);
Ordinary Shares — 739 shares (Direct)
Footnotes (1)
- The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share. Stock options were granted on March 17, 2016, with 563 vested on each of March 17, 2017, March 17, 2018 and March 17, 2019, and 564 vested on March 17, 2020. Stock options were granted on March 3, 2017, with 1,125 vested on each of March 3, 2018, March 3, 2019 and March 3, 2020, and 1,128 vested on March 3, 2021. Restricted share units were granted on March 4, 2022, with 4,741 vested on each of March 4, 2023, March 4, 2024 and March 4, 2025, and 4,744 vesting on March 4, 2026. Each restricted share unit represents a contingent right to receive, at settlement, one ordinary share or, at the option of the Human Resources and Compensation Committee, the cash value of one ordinary share. Restricted share units were granted on March 3, 2023, with 3,461 vested on each of March 3, 2024 and March 3, 2025, and 3,461 vesting on each of March 3, 2026 and March 3, 2027. Restricted share units were granted on March 4, 2024, with 3,766 vested on March 4, 2025, 3,766 vesting on each of March 4, 2026 and March 4, 2027, and 3,768 vesting on March 4, 2028. Restricted share units were granted on March 5, 2025, with 3,580 vesting on each of March 5, 2026, March 5, 2027, March 5, 2028 and March 5, 2029.
FAQ
What does the Form 3 for TEVA disclose about Brian Savage’s holdings?
The Form 3 discloses Brian Savage’s existing equity interests, including stock options, restricted share units, and ordinary shares. It provides detailed vesting schedules for past grants and confirms all positions are held as direct ownership in Teva Pharmaceutical Industries Ltd.
Are there any stock option grants reported for TEVA’s Brian Savage?
Yes. Stock options were granted on March 17, 2016 and March 3, 2017, with portions vesting annually from 2017 through 2021. The Form 3 shows the total stock options held following these grants as part of his current equity position.
Does TEVA’s Form 3 show any insider buying or selling by Brian Savage?
No. The Form 3 is an initial ownership statement listing existing stock options, restricted share units, and ordinary shares. It does not report any new purchase or sale transactions, only the current amounts held after prior grants and vesting.