Viatris (VTRS) director David S. Simmons granted 2,362 deferred stock units as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIMMONS DAVID S reported acquisition or exercise transactions in this Form 4 filing.
Viatris Inc director David S. Simmons received a grant of 2,362 deferred stock units (DSUs) on June 30, 2026 as compensation for quarterly non-employee director fees, in lieu of cash. The award was valued using the June 30, 2026 closing price of $15.88 per share of Viatris common stock.
Each DSU is fully vested and represents the right to receive one share of Viatris common stock. The DSUs will be settled in shares upon the earliest of Simmons’ termination of service as a non-employee director, his death or disability, or a change in control of Viatris.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SIMMONS DAVID S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 2,362 | $15.88 | $38K |
Holdings After Transaction:
Deferred Stock Units — 2,362 shares (Direct, null)
Footnotes (1)
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Key Figures
Deferred stock units granted: 2,362 units
Reference share price: $15.88 per share
Underlying common shares: 2,362 shares
+1 more
4 metrics
Deferred stock units granted
2,362 units
Automatic grant on June 30, 2026 for director fees
Reference share price
$15.88 per share
June 30, 2026 closing price used to calculate DSUs
Underlying common shares
2,362 shares
Each DSU represents one share of Viatris common stock
Conversion/exercise price
$0.00
DSUs settle into common stock without additional payment
Key Terms
Deferred Stock Units, non-employee director fees, change in control, fully vested
4 terms
Deferred Stock Units financial
"the reporting person was automatically granted 2,362 deferred stock units (DSUs)"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
non-employee director fees financial
"election to receive payment of quarterly non-employee director fees in the form of DSUs"
change in control financial
"upon the earliest of the reporting person's termination of service ... or a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
fully vested financial
"Each DSU is fully vested and represents the right to receive one share"
FAQ
What did Viatris (VTRS) director David S. Simmons report in this Form 4?
David S. Simmons reported receiving 2,362 deferred stock units as director compensation. These units were granted instead of cash fees and are linked one-for-one to Viatris common shares, providing equity-based alignment with shareholders over time.
How many deferred stock units did David S. Simmons receive from Viatris (VTRS)?
He received 2,362 deferred stock units. Each DSU represents the right to receive one share of Viatris common stock, giving him future equity-based compensation rather than immediate cash payment for his quarterly director service.
At what price were the Viatris (VTRS) deferred stock units valued in this grant?
The 2,362 deferred stock units were valued using the June 30, 2026 closing price of $15.88 per Viatris common share. This price determined how many DSUs Simmons received in lieu of his quarterly cash director fees.
When will David S. Simmons’ Viatris (VTRS) deferred stock units be settled?
The deferred stock units will settle in Viatris common shares at the earliest of his termination as a non-employee director, his death or disability, or a change in control. Settlement timing therefore depends on future service or corporate events.
Are the Viatris (VTRS) deferred stock units granted to David S. Simmons vested?
Yes, each of the 2,362 deferred stock units is fully vested. Although fully vested, the units do not pay out immediately; they convert into Viatris common shares only upon specified future events such as service termination or change in control.