Viatris (VTRS) CEO nets shares as RSU and PRSU awards vest, taxes withheld
Rhea-AI Filing Summary
Viatris Inc. chief executive officer Scott Andrew Smith reported multiple equity award transactions involving restricted stock units, performance restricted stock units, dividend equivalent units, and common stock. On March 3, 2026, he received 1,286,849 Performance Restricted Stock Units as a grant and then exercised the same number of PRSUs into common shares at a price of $0.00 per share.
That same day, he also converted 135,828 restricted stock units and 18,153.1987 dividend equivalent units into common stock, and common shares were disposed of at $14.89 per share to satisfy tax liabilities associated with these vestings, including 506,376 shares withheld. On March 4, 2026, additional RSUs and dividend equivalent units granted on March 4, 2024 converted into common stock, with share withholding transactions at $14.71 per share to cover related tax obligations. After these transactions, Smith continued to hold over one million shares of Viatris common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 92,503 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 8,713.65 | $0.00 | -- |
| Exercise | Common Stock | 92,503 | $0.00 | -- |
| Tax Withholding | Common Stock | 36,400 | $14.71 | $535K |
| Exercise | Common Stock | 8,714 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,429 | $14.71 | $50K |
| Exercise | Restricted Stock Units | 135,828 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 18,153.199 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units(11) | 1,286,849 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 1,286,849 | $0.00 | -- |
| Exercise | Common Stock | 135,828 | $0.00 | -- |
| Tax Withholding | Common Stock | 53,449 | $14.89 | $796K |
| Exercise | Common Stock | 18,154 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,144 | $14.89 | $106K |
| Exercise | Common Stock | 1,286,849 | $0.00 | -- |
| Tax Withholding | Common Stock | 506,376 | $14.89 | $7.54M |
Footnotes (1)
- Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the restricted stock units (RSUs) granted on April 1, 2023. Fractional shares have been rounded up in connection with the settlement described in footnote 10 pursuant to the terms of the RSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan. Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the dividend equivalent units (DEUs) that accrued with respect to the RSUs previously granted on April 1, 2023. Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of the performance restricted stock units (PRSUs) granted on April 1, 2023. Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the RSUs granted on March 4, 2024. Fractional shares have been rounded up in connection with the settlement described in footnote 14 pursuant to the terms of the RSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan. Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the DEUs that accrued with respect to the RSUs previously granted on March 4, 2024. Each RSU represents the right to receive one share of common stock of Viatris Inc. (Viatris). 135,829 of the RSUs granted on April 1, 2023 vested on March 3, 2024, 135,828 vested on March 3, 2025, and 135,828 vested on March 3, 2026. Amount represents DEUs that accrued with respect to such RSUs in transactions exempt from Section 16 under Rule 16a-11. Represents DEUs that accrued with respect to the RSUs previously granted on April 1, 2023 and vest on the same schedule as the underlying RSUs. Amount includes DEUs that accrued with respect to the PRSUs previously granted on April 1, 2023 and vest on the same schedule as the underlying PRSUs. Fractional shares with respect to such DEUs were rounded up pursuant to the terms of the PRSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan. Each PRSU represents the right to receive one share of common stock of Viatris. The PRSUs were initially granted on April 1, 2023, subject to the attainment of previously established three-year performance goals and a vesting period. The PRSUs vested on March 3, 2026. Each RSU represents the right to receive one share of common stock of Viatris. 92,503 of the RSUs granted on March 4, 2024 vested on each of March 4, 2025 and March 4, 2026 and 92,503 will vest on March 4, 2027. Represents DEUs that accrued with respect to the RSUs previously granted on March 4, 2024 and vest on the same schedule as the underlying RSUs.