[Form 3] West Pharmaceutical Services, Inc. Initial Statement of Beneficial Ownership
Robert W. McMahon, the company's SVP & Chief Financial Officer, reported an initial beneficial ownership position in West Pharmaceutical Services (WST). He directly holds restricted stock units of 3,168 and 12,670 shares, and two stock options covering 7,647 and 7,137 shares with an exercise price of $240.33. The options become exercisable on 08/11/2026 and expire on 08/11/2035. In total the reported awards underlie 30,622 common shares and are reported as direct beneficial ownership.
- None.
- None.
Insights
TL;DR: Routine Section 16 disclosure showing executive equity awards totaling 30,622 underlying shares; no unusual terms.
The filing documents typical equity compensation for a senior executive: two restricted stock unit grants and two stock options. The options carry an exercise price of $240.33 and long-dated expirations to 2035, with exercisability beginning in 2026. This is a standard reporting of direct holdings under Section 16 and, on its face, does not signal material corporate or market-moving events.
TL;DR: Standard governance disclosure that records direct equity-linked incentives for a senior officer; procedural and non-material.
The Form 3 records direct ownership of RSUs and options by the SVP & CFO, consistent with routine executive compensation practices and required insider reporting. Vesting schedules and exercisability are disclosed for transparency. The disclosure itself is governance-compliant and does not indicate departures, transfers, or unusual governance actions.