Teva Pharmaceutical Industries (TEVA) exec sells 12,827 shares under 10b5-1 plan
Rhea-AI Filing Summary
Teva Pharmaceutical Industries executive Placid Jover, Executive Vice President and Chief Human Resources Officer, converted 12,827 restricted share units into the same number of ordinary shares on August 3, 2026, then sold all 12,827 shares, including shares to cover tax-withholding obligations, at a weighted average $34.8757 under a Rule 10b5-1 trading plan, leaving 25,657 restricted share units outstanding from his August 2024 grant.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Jover Placid
Role
See "Remarks"
Sold
12,827 shs ($447K)
Approx. gross sale proceeds
$447K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units F2, F6, F1 | 12,827 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1, F2 | 12,827 | -- | -- |
| Sale | Ordinary Shares F1, F3, F4, F5 | 12,827 | $34.8757 | $447K |
Holdings After Transaction:
Restricted Share Units — 25,657 shares (Direct);
Ordinary Shares — 6,774 shares (Direct)
Footnotes (6)
- F1. The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
- F2. 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.
- F3. 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.
- F4. Represents with respect to the vesting of restricted share units, the reporting person sold all such shares vested, including shares to cover tax witholding obligations in connection with the vesting.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.66 to $35.07, 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.
- F6. Restricted share units were granted on August 1, 2024, with 12,827 vested on each of August 1, 2025 and August 1, 2026, 12,827 vesting on August 1, 2027, and 12,830 vesting on August 1, 2028.
Key Figures
RSUs converted: 12,827 units
Shares sold: 12,827 shares
Weighted average sale price: $34.8757 per share
+3 more
6 metrics
RSUs converted
12,827 units
Restricted share units converted to ordinary shares on August 3, 2026
Shares sold
12,827 shares
Ordinary shares sold on August 3, 2026 following RSU vesting
Weighted average sale price
$34.8757 per share
Weighted average price for shares sold, with trades from $34.66 to $35.07
Remaining RSUs
25,657 units
Restricted share units held after the August 3, 2026 conversion
Future vesting 2027
12,827 units
Restricted share units scheduled to vest on August 1, 2027
Future vesting 2028
12,830 units
Restricted share units scheduled to vest on August 1, 2028
Key Terms
Restricted Share Units, Rule 10b5-1 trading plan, weighted average price, American Depositary Shares
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Teva (TEVA) executive Placid Jover report?
He converted 12,827 restricted share units into 12,827 ordinary shares and immediately sold all of those shares. The transactions occurred on August 3, 2026 and were tied to the vesting of his August 1, 2024 RSU grant at Teva Pharmaceutical Industries.
What is the vesting schedule of Placid Jover’s August 2024 RSU grant at Teva (TEVA)?
The August 1, 2024 RSU grant to Placid Jover at Teva vests in four annual installments: 12,827 units vested on August 1, 2025; 12,827 on August 1, 2026; 12,827 are scheduled for August 1, 2027; and 12,830 for August 1, 2028.