Teva (TEVA) executive’s RSUs vest and 9,533 shares sold for tax withholding
Rhea-AI Filing Summary
Teva Pharmaceutical Industries executive Eric A. Hughes reported equity awards activity and a related share sale. On March 5, 2026, 19,654 restricted share units vested and were converted into 19,654 ordinary shares at no cost, increasing his direct holdings to 117,244 ordinary shares.
On the same date, he sold 9,533 ordinary shares at a weighted average price of $31.6684 per share, reducing his direct holdings to 107,711 ordinary shares. According to the disclosure, these shares were sold under a pre-established Rule 10b5-1 trading plan and were required to cover tax withholding obligations from the RSU vesting.
Footnotes add that each restricted share unit represents a right to receive one ordinary share or its cash value, and that the RSU grant from March 5, 2025 vests in four equal annual installments through March 5, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 19,654 | $0.00 | -- |
| Exercise | Ordinary Shares | 19,654 | $0.00 | -- |
| Sale | Ordinary Shares | 9,533 | $31.6684 | $302K |
Footnotes (1)
- The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share. 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. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2025. Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the restricted share units listed in Table II. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.26 to $32.34, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price. Restricted share units were granted on March 5, 2025, with 19,654 vested on March 5, 2026, and 19,654 vesting on each of March 5, 2027, March 5, 2028 and March 5, 2029.