Teva (NYSE: TEVA) officer converts RSUs into ordinary shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teva Pharmaceutical Industries officer Mark Sabag exercised restricted share units on March 3, 2026, converting 24,900 and 141,478 units into the same number of ordinary shares at $0.00 per share. After these settlements, he directly held 219,206 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
166,378 shares exercised/converted
Mixed
4 txns
Insider
Sabag Mark
Role
See "Remarks"
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 24,900 | $0.00 | -- |
| Exercise | Restricted Share Units | 141,478 | $0.00 | -- |
| Exercise | Ordinary Shares | 24,900 | $0.00 | -- |
| Exercise | Ordinary Shares | 141,478 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 24,901 shares (Direct);
Ordinary Shares — 77,728 shares (Direct)
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. Restricted share units were granted on March 3, 2024, with 24,900 vested on each of March 3, 2024, March 3, 2025 and March 3, 2026, and 24,901 vesting on March 3, 2027. Restricted share units were earned on January 27, 2026, as a result of the satisfaction of certain performance criteria certified by the Human Resources and Compensation Committee and subsequently vested on March 3, 2026, following satisfaction of the time-based vesting criteria.
FAQ
What insider transaction did Mark Sabag report at TEVA?
Mark Sabag reported exercises of restricted share units that converted into ordinary shares on March 3, 2026. These were non-cash settlements at $0.00 per share, increasing his directly held ordinary share position in Teva Pharmaceutical Industries.
What performance-based RSUs did Mark Sabag earn at Teva?
Certain restricted share units were earned on January 27, 2026 after performance criteria were certified by the Human Resources and Compensation Committee. These units subsequently vested on March 3, 2026 after time-based vesting conditions were satisfied, then settled into ordinary shares.